what is compensation
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Compensation: Outline and Definitions Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction.
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The Different Forms of Compensation There are two forms of compensation provided to employees; direct and indirect. Direct forms of compensation have a multitude of types or methods, from salaries to bonuses. Indirect compensation is primarily the various types of benefits and long term incentives.
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Executive compensation Executive compensation or executive pay is composed of the financial compensation and other non-financial awards received by an executive from their firm for their service to the organization. Independent non-executive director setting of compensation is widely practised. 2  An independent remuneration committee is an attempt to have pay packages set at arms' length from the directors who are getting paid.
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Executive compensation Executive compensation or executive pay is composed of the financial compensation and other non-financial awards received by an executive from their firm for their service to the organization.lthough executive compensation in the UK is said to be dwarfed by that of corporate America, it has caused public upset. In response to criticism of high levels of executive pay, the Compass organisation set up the High Pay Commission.
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What is workers' compensation? Workers' compensation is a system that states use to compensate employees of private and government employers when they are injured at work.
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Compensation: Definitions and Applications From a plan design perspective, the most important definition of compensation is the one used to determine plan benefits or contributions. How compensation is defined directly affects plan costs and participants’ benefits.ode Section 414(s) provides a definition of compensation that is required under the nondiscrimination rules. Under this Section, the employer can choose a safe-harbor definition or an alternative.
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Compensation Compensation 101. Disability Compensation is a tax-free monetary benefit paid to Veterans with disabilities that are the result of a disease or injury incurred or aggravated during active military service.
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Visual Synonyms of salary compensation (n). An allowance is a stipulated amount furnished at regular intervals as a matter of discretion or gratuity, as of food to besieged soldiers, or of money to a child or ward. Compensation is a comprehensive word signifying a return for a service done. Remuneration is applied to matters of great amount or importance.
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Definitions &Translations A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract.
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Employee compensation: Salary, wages, incentives and commissions Employee compensation: Salary, wages, incentives and commissions. Compensation describes the cash rewards paid to employees in exchange for the services they provide. It may include base salary, wages, incentives and/or commission. Total compensation includes cash rewards as well as any other company benefits. Compensation strategy.
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compensation synonym, compensation definition | Thesaurus compensation. English Collins Dictionary-English synonyms & Thesaurus &nbsp. compensation (compensations plural) 1 n-uncount Compensation is money that someone who has experienced loss or suffering claims from the person or organization responsible, or from the state. He received one year's salary as compensation for loss of office..., The Court ordered Dr Williams to pay £300 compensation and £100 costs after admitting assault.
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What Is Total Gross Compensation? Total gross compensation is the amount an employee receives before any deductions or adjustments. Unlike gross salary, which is the earned hourly or annual wages before deductions, total gross compensation includes tips, bonuses and other benefits employers give employees during the period being reported. This information gives government agencies an accurate picture of the employee's taxable income.
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The Difference Between Base Salary & Total Compensation Total Compensation. Total compensation is everything the company provides an employee in exchange for working. It includes base salary, bonuses, benefits, perks and on-site amenities. Total compensation indicates that an employee is making two or three times his base salary.ase Salary. Base salary is what you see on your paycheck. It is the amount per hour or per year that you are paid for performing your job. Base salary does not include any bonuses, benefits or perks associated with the job.
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Encyclopedia molex connector. Often refers to the 4-pin connectors used to attach DC power to the drives inside a PC cabinet. Molex is a large manufacturer of electronics plugs and sockets that dates back to the 1940s.
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- Executive Compensation is the payment that individuals receive  based on a predetermined management level. The compensation may be  based on both individual efforts and comp … any wide goals that have  been met.(cutting costs without losses in service)    Only members of a company's board of directors that also have  company jobs receive executive compensation as described. Normal  members of the board receive a nominal amount of money to be on the  board.
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Salary Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed.alary is typically determined by comparing market pay rates for people performing similar work in similar industries in the same region. Salary is also determined by leveling the pay rates and salary ranges established by an individual employer.
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The Difference Between Base Salary & Total Compensation Total compensation is everything the company provides an employee in exchange for working. It includes base salary, bonuses, benefits, perks and on-site amenities. Total compensation indicates that an employee is making two or three times his base salary. A company may inform you that you are receiving additional compensation, yet rarely discloses the full amount compensated during the entire year.
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Salary Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed.alary is also determined by leveling the pay rates and salary ranges established by an individual employer. Salary is also affected by the number of people available to perform the specific job in the employer's employment locale.
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What is DAMAGES? What is DAMAGES? A pecuniary compensation or indemnity, which may be recovered in the courts by any person who has suffered loss, detriment, or injury, whether to his person, property, or rights, through the unlawful act or omission or negligence of another. Scott v. Donald, 105 U. S. 58, 17 Sup. Ct. 205, 41 L. Ed. 032; Crane v.
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What is the meaning of the phrase 'twilight zone'? What is the meaning of the phrase 'twilight zone'? Answer Wiki. There are two main uses of 'twilight zone' that I am aware of. First, it is a technical term used to describe the very dimly lit level of the ocean before you reach the maximum depth light can penetrate. Below this level is only darkness.
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How Is Compensation Determined for an Employee? Compensation is defined as the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required. Essentially, it's a combination of the value of your pay, vacation, bonuses, health insurance, and any other perk you may receive, such as free lunches, free events, and parking.
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- This is one way to attract and retain employees to a startup company. Since most companies lack the initial funds to get high quality employees, they use equity compensation to fulfill this need. Equity compensation is a non-cash compensation that represents a form of ownership interest in a company. Due to the complexity of implementing an equity compensation program, companies must plan and use proper legal, accounting, and tax advice and planning.
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- Total compensation is the sum of an employee's base salary together with additional forms of pay (e.g. travel pay, benefits pay, and other pay) when applicable.
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compensation management vs. Zabbix. Compensation management is a general policy, implemented in conjunction with specialized software, designed to help an organization maximize the returns on available talent. The ultimate goal is to reward the right people to the greatest extent for the most relevant reasons.
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compensation Compensation. A pecuniary remedy that is awarded to an individual who has sustained an injury in order to replace the loss caused by said injury, such as Workers' Compensation.ompensation. A pecuniary remedy that is awarded to an individual who has sustained an injury in order to replace the loss caused by said injury, such as Workers' Compensation.
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Compensation Definition: In financial terms, the salary and wages you pay to your employees for the work they do. Other, nonfinancial forms of compensation can also be offered to attract and retain staff. . Ask any human resources consultant where financial compensation ranks in the hierarchy of employee requirements, and you're likely to get a range of answers.