Difference between revisions of "Compensation"
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| − | + | Compensation is defined as something, typically money, received by an [[employee]] from an employer in lieu of work performed for them. Compensation has monetary and non-monetary components including but not limited to salary or wages, stock options, stock grants, and bonuses. | |
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| + | Compensation or a part of it is usually tied to performance. | ||
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| + | ==See Also== | ||
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| + | ==References== | ||
| + | <references /> | ||
Revision as of 21:10, 16 November 2022
Compensation is defined as something, typically money, received by an employee from an employer in lieu of work performed for them. Compensation has monetary and non-monetary components including but not limited to salary or wages, stock options, stock grants, and bonuses.
Compensation or a part of it is usually tied to performance.