Compensation: Learn what compensation is

Learn what compensation is, how it is determined and what types of compensation employees can get. Compare different compensation structures and factors that influence pay decisions in organisations. The total pay and benefits an employee receives in exchange for their work. Compensation includes base salary, bonuses, commissions, and benefits. It is a key factor in attracting, motivating, and retaining employees. Learn what compensation is in human resource management and how it affects employee performance and organizational efficiency. Explore the objectives, types, factors, methods, and benefits of compensation planning and management. 5 meanings: 1. the act or process of making amends for something 2. something given as reparation for loss, injury, etc;.... Click for more definitions.