compensation

compensation

Refers to everything received from an employer to an employee for his/her services, including salary and benefits.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Business services
Category: Human resources
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Related terms

kpi’s

Business services; Human resources

‘Knowledge, Skills and Abilities’ - Key Performance Indicators. Tasks that have been agreed between an employee and line manager/HR with an expectation that they will be completed ...

absolute ratings

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affirmative action

Business services; Human resources

Carried out on behalf of women and disadvantaged groups and members of such groups are placed in dominant positions.

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See Performance planning.

attrition

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A term used to describe voluntary and involuntary terminations, deaths, and employee retirements that result in a reduction to the employer's physical workforce.