Difference between revisions of "Compensation"
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According to the [[ASME EMBOK]], | According to the [[ASME EMBOK]], | ||
:[[Compensation]]. Items earned by the employee for the job that they do such as salary, benefits package, bonuses and rewards. | :[[Compensation]]. Items earned by the employee for the job that they do such as salary, benefits package, bonuses and rewards. | ||
| + | According to the [[HRBoK Guide]], | ||
| + | :[[Compensation]]. Salary and benefits. Everything that an employee receives for working, including pay and nonmonetary benefits. | ||
[[Category: Management]][[Category: Articles]] | [[Category: Management]][[Category: Articles]] | ||
Revision as of 12:13, 18 July 2020
Compensation are items earned by the employee for the job that they do such as salary, benefits package, bonuses and rewards.
Definition
According to the ASME EMBOK,
- Compensation. Items earned by the employee for the job that they do such as salary, benefits package, bonuses and rewards.
According to the HRBoK Guide,
- Compensation. Salary and benefits. Everything that an employee receives for working, including pay and nonmonetary benefits.
