Compensation

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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.