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  1. Dictionary
    Com·pen·sa·tion
    /ˌkämpənˈsāSH(ə)n/

    noun

    • 1. something, typically money, awarded to someone as a recompense for loss, injury, or suffering: "seeking compensation for injuries suffered at work"
  2. Apr 19, 2024 · Compensation Meaning. Compensation is the total rewards, including monetary and non-monetary, that employees receive in exchange for their work and contributions to an organization. It aims to attract, retain, and motivate talented individuals by aligning their efforts with the organization’s objectives.

  3. What Is The Definition Of Compensation? Compensation is defined as the payments you give to your employees in exchange for their contributions to your businessfor example, their time, expertise, knowledge, or skills.

  4. Definition of compensation noun in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

  5. compensation meaning, definition, what is compensation: money paid to someone because they have ...: Learn more.

  6. a (1) : something that constitutes an equivalent or recompense. Age has its compensations. Moving to the coast had some drawbacks, but there were also compensations. (2) : payment to unemployed or injured workers or their dependents. receiving compensation from his employer. b. : payment, remuneration.

  7. an action, adjustment, or counterbalancing that makes up for something unfortunate. WordReference Random House Unabridged Dictionary of American English © 2024. com•pen•sa•tion (kom′pən sā′ shən), n. the act or state of compensating. the state of being compensated.

  8. Legal Definition of Compensation: Remuneration for Services Rendered. As a business owner, it is crucial to have a clear understanding of the legal definition of compensation. In simple terms, compensation refers to the remuneration or payment made to an individual for the services they have rendered.

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