Quick Answer: What Is Another Word For Compensation?

What does compensation mean?

Compensation is the total cash and non-cash payments that you give to an employee in exchange for the work they do for your business.

Compensation is more than an employee’s regular paid wages.

It also includes many other types of wages and benefits.

Types of compensation include: Base pay (hourly or salary wages).

What is another word for offset?

SYNONYMS FOR offset 2 onset. 17 match, parallel; counterweight, counterpoise; counteract.

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.

How do you compensate?

7 Compensation Tactics To Help Retain EmployeesPay employees salary and incentives. … Keep the incentive part of your plan simple. … Establish SMART goals. … Determine what your competitors are paying. … Modify salaries based on employees’ geographic location. … Use merit increases to reward top performers. … Provide employees with non-financial rewards.

What is the synonym for obsolete?

Some common synonyms of obsolete are ancient, antiquated, antique, archaic, old, and venerable. While all these words mean “having come into existence or use in the more or less distant past,” obsolete may apply to something regarded as no longer acceptable or useful even though it is still in existence.

What does meaningful compensation mean?

My definition of meaningful compensation, is compensation that is more valuable or higher in quantity than what you are receiving. … Paying the seller of the organ a good amount shows the commitment to the deal.

Does compensation always mean money?

Compensation can also be money, a payment meant to give someone a fair exchange for their effort and output. … In fact, the word comes from the Latin word compensat-, meaning “weighed against.” If you receive fair compensation for your work, the money is equal to your time and effort.

What are synonyms for compensation?

Synonyms & Antonyms of compensationdamages,indemnification,indemnity,quittance,recompense,recoupment,redress,remuneration,More items…

SYNONYMS FOR compensation 3 recompense, payment, amends, reparation; requital, satisfaction, indemnification.

What is the best synonym for compensate?

Synonyms & Antonyms of compensateindemnify,recompense,recoup,remunerate,requite,satisfy.

How do I ask for compensation?

If you’re asking about salary, use the word “compensation” rather than “money and ask for a range rather than a specific number. Likewise, if you want to find out about work-life balance, it may be more useful to approach the topic in terms of “office culture.”

What does it mean to compensate someone?

: to provide something good as a balance against something bad or undesirable : to make up for some defect or weakness. : to give money or something else of value to (someone) in return for something (such as work) or as payment for something lost, damaged, etc.