Table of Contents
What is the meaning by compensation?
Definition of compensation 1a : the act of compensating : the state of being compensated. b : correction of an organic defect or loss by hypertrophy or by increased functioning of another organ or unimpaired parts of the same organ.
What is compensation synonym?
synonyms for compensation
- allowance.
- benefit.
- bonus.
- coverage.
- earnings.
- fee.
- indemnity.
- pay.
What is an example of compensation?
Compensation may also be used as a reward for exceptional job performance. Examples of such plans include: bonuses, commissions, stock, profit sharing, gain sharing.
What does all in compensation mean?
All-in Compensation = All Monetary Forms of Compensation + Estimated Values for Non-Monetary Perks. The goal of calculating all-in compensation is to capture all the value a prospective employer is offering you.
What is your total expected compensation?
Total compensation includes the base salary, but it also includes the value of any benefits received in addition to your salary. Some of the benefits that are most commonly provided within a total compensation package include: Bonuses. Commissions.
What is your expected total compensation?
Total compensation includes the base salary, but it also includes the value of any benefits received in addition to your salary. Some of the benefits that are most commonly provided within a total compensation package include: Bonuses.
What does total annual compensation mean?
Annual compensation, in the simplest terms, is the combination of your base salary and the value of any financial benefits your employer provides. This includes: Annual bonuses or commissions.
What is your total compensation?
The term total compensation is used to describe all forms of monetary payments to an employee. For existing employees, this can include both base pay as well as incentives. For newly-hired employees, the total compensation in the year hired may also include a sign-on bonus.
What is reference total compensation?
Reference Compensation means the sum of the Executive’s annual salary and annual bonus divided by twelve.
What is total cash compensation?
Total Cash Compensation means the regular base salary or fee paid by the Company or a Subsidiary to Participant during a calendar year, inclusive of additional forms of compensation such as bonuses, other incentive payments, automobile allowances, tax gross-ups and other fringe benefits.
What is total fixed compensation?
The CTC involves the total amount promised to you and it is usually higher than your take-home salary as it factors all the cost that your company may or may not pay in the form of tax or variables.
What is a antonym for compensation?
Antonyms. end death middle unbalance nonpayment. recompense correction rectification.
What does total cash compensation mean?
Total Cash Compensation means the Employee’s Base Salary (as defined in Section 3.1) plus any cash bonuses, commissions or similar incentive payment accrued during any single calendar year.
What is total guaranteed compensation?
Total guaranteed package or fixed cost to company are aggregates that include guaranteed pay and benefits. This represents the total fixed cost of the reward package and is useful for budgeting. All forms of variable pay (annual bonus and equity compensation) are excluded from this aggregate.
Is are included in total compensation?
Why is total compensation important?
Total compensation helps employers attract top talent and grasp the full related costs of each full-time employee. Total compensation is an incredibly effective tool to utilize when attracting top talent and when informing team members about the value they receive in the form of benefits from your company.
What is salary vs. total compensation?
– Compensation Types. Your total compensation is your base salary plus other forms of compensation that you receive. – Compensation Package Value. The value of a compensation package varies by employer and employee. – Sales Employees. Some sales employees are paid strictly on a commission basis. – Taxation Rules. Your base salary is taxable.
How to determine total compensation?
bonuses
What are the elements of total compensation?
Organizational Goals –. Make sure to pay employees for their individual performances as well as reward them for efforts which support the business goals of the company,department,and/or team.
What is total compensation earned by employee called?
Total compensation is expressed in the same way as a base salary, which is in terms of gross income on an annual basis. However, it includes more than just the money paid to an employee. Total compensation includes the base salary, but it also includes the value of any benefits received in addition to your salary.