What Compensation Means? Compensation consists of a combination of an employee’s pay, vacation, health insurance, and bonuses. It also includes other perks, such as a company car, free parking, free or cheap meals, commuting costs, etc. What does compensation mean in a job? Compensation is a systematic approach to providing monetary value to employees in
What Is Compensation Research? Compensation studies analyze your current pay practices and determine if they are competitive for your industry and geographic location. They can also help determine if your employee’s salaries are in compliance with current employment, state, and federal laws. How much should you compensate research participants? For qualitative, you will need to
What Is Compensation With Example? The definition of compensation is something of value given in exchange for something else. The money a company pays to its employee to do work is an example of compensation. When a person gets into a car accident and injures someone, the money he pays to the injured victim for