Compensation
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.