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What is the meaning by compensation?

What is the meaning by compensation?

noun. the act or state of compensating, as by rewarding someone for service or by making up for someone’s loss, damage, or injury by giving the injured party an appropriate benefit. the state of being compensated or rewarded in this way.

What is the legal word for compensation?

(14c) 1. Remuneration and other benefits received in return for services rendered; esp., salary or wages. 2. Payment of damages, or any other act that a court orders to be done by a person who has caused injury to another.

What does Comp mean dictionary?

adjective. complimentary; free of charge: I received a comp copy of her book.

Is compensation a plural noun?

The noun compensation can be countable or uncountable. In more general, commonly used, contexts, the plural form will also be compensation. However, in more specific contexts, the plural form can also be compensations e.g. in reference to various types of compensations or a collection of compensations.

Are benefits considered compensation?

Compensation describes the cash rewards paid to employees in exchange for the services they provide. It may include base salary, wages, incentives and/or commission. Total compensation includes cash rewards as well as any other company benefits.

What are the four types of compensation?

The Four Major Types of Direct Compensation: Hourly, Salary, Commission, Bonuses. When asking about compensation, most people want to know about direct compensation, particularly base pay and variable pay. The four major types of direct compensation are hourly wages, salary, commission and bonuses.

What are the kinds of compensation?

Different types of compensation include:

  • Base Pay.
  • Commissions.
  • Overtime Pay.
  • Bonuses, Profit Sharing, Merit Pay.
  • Stock Options.
  • Travel/Meal/Housing Allowance.
  • Benefits including: dental, insurance, medical, vacation, leaves, retirement, taxes…

Is COMP a Scrabble word?

Yes, comp is in the scrabble dictionary.

What does COMP stand for in school?

COMP – Classroom Organization Management Program The Classroom Organization and Management Program (COMP) is a research-based research-proven professional development program that can help you learn to create and manage an effective learning environment in your classroom.

What is the noun form of complaint?

Complaint is the noun form of the verb complain. In legal terms, a complaint is the document that officially initiates a legal proceeding. In medicine, it refers to a symptom or cause of pain as reported by a patient.

What is the plural of comb?

1 comb /ˈkoʊm/ noun. plural combs.

What are the 4 components of compensation?

Total compensation would include all four categories: guaranteed pay (salary and allowances), variable pay, benefits and equity compensation. Remuneration is a term often used to refer to total cash compensation or total compensation.