What Does Compensation for Work Actually Mean?

compensation  Types Of Compensation · Base pay : it is the minimum amount an employee would receive with no deductions or additional What is a compensation philosophy? What should be included in a compensation philosophy? A compensation philosophy is simply a formal statement documenting

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Employee compensation is what you give each worker in exchange for their work It is a mix of wages and benefits A compensation package can include salary, What Does Compensation for Work Actually Mean? But compensation doesn't just mean salary or hourly pay rate It involves all of the expenses you pay for each