What is compensation simple words?

What is compensation simple words?

Typically, compensation refers to monetary payment given to an individual in exchange for their services. In the workplace, compensation is what is earned by employees. It includes salary or wages in addition to commission and any incentives or perks that come with the given employee’s position.

What is the synonym of compensate?

Some common synonyms of compensate are indemnify, pay, recompense, reimburse, remunerate, repay, and satisfy. While all these words mean “to give money or its equivalent in return for something,” compensate implies a making up for services rendered.

What does compensate mean example?

To compensate is to pay someone for services performed, to repay someone for some wrong or that something positive exists to make up for something negative. An example of compensate is when you pay the guy who mowed your lawn.

What does compensation mean in biology?

noun. The act of compensating or the state of being compensated. noun. 1. (biology) The increase in size or activity of one part of an organism or organ that makes up for the loss or dysfunction of another.

Is compensation a salary?

Compensation is the combination of salaries, wages and benefits that employees receive in exchange for them doing a particular job. It can include an annual salary or hourly wages combined with bonus payments, benefits, and incentives.

Is compensation same as salary?

Key Takeaways. Annual compensation, in the simplest terms, is the combination of your base salary and the value of any financial benefits your employer provides. Annual salary is the amount of money your employer pays you over the course of a year in exchange for the work you perform.

What is the opposite of compensation?

What is the opposite of compensation?

What is the opposite of compensate?

Opposite of to provide a refund or recompense. damage. deprive. disagree. extort.

How do you use compensation in a sentence?

The court awarded the victims millions of dollars in compensation. She offered to pay for lunch as compensation for keeping me waiting. Moving to the coast had some drawbacks, but there were also compensations.

What is compensate in math?

Compensation is a way of adding or taking away numbers that you find easier. You add or take away a bit too much or a bit too little, so then you have to add or take away this too.

What does it mean when a man is compensating?

Compensation is defined as excelling in one area to make up for real or perceived deficits in another area. It is often used synonymously with the term overcompensation, although overcompensation often suggests that a person is going far beyond what is necessary to make up for their deficiency.

What part of speech is compensate?

compensate

What does no compensation mean?

Related Definitions without compensation means that the medical practitioner or dental hygienist voluntarily rendered health care without receiving any reimbursement or compensation, except for reimbursement for supplies. Sample 1Sample 2.

What is meaning of compensation in law?

The word ‘compensation’ means to expiate the loss suffered. The rationale or basis for compensation may be the following three perspectives: As a social insurance. As a welfare measure by the Govt. As a governmental obligation to protect the citizens.

What is meant by compensation of losses?

To compensate someone for money or things that they have lost means to pay them money or give them something to replace that money or those things.

Why salary is called compensation?

Your salary is called compensation because you are being compensated for being somewhere you’d rather not be, doing something you’d rather not do.

What is compensation and bonus?

In workplace settings, a bonus is a type of compensation an employer gives to an employee that complements their base pay or salary. A company may use bonuses to reward achievements, to show gratitude to employees who meet longevity milestones, or to entice not-yet employees to join a company’s ranks.

What is total employee 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. Paid time off (vacation days, sick days and holidays)