What’S Another Word For Compensation?

What is another word for transaction?

Synonyms foraffair.business.deal.enterprise.negotiation.purchase.sale.selling..

What compensation means?

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 undertaking means?

An undertaking is a job or a task you commit to. The word also can mean the profession of funeral management. When you take something under consideration, it means you’re not necessarily going to do it, you’re just going to think about it. When you take something on, you’ve undertaken to actually do it.

What is job 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 is difference between salary and compensation?

Compensation is an amount received by the employee as a condolence or help for some misfortune or mishappening he occurred while working either in the company or for the company. Salary is received in return to the services rendered by an employee to his / her Organization.

What is the best synonym for compensate?

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

What is an example of compensation?

Compensation may also be used as a reward for exceptional job performance. Examples of such plans include: bonuses, commissions, stock, profit sharing, gain sharing.

What are the three types of compensation?

3 Types of Compensation Packages To Consider and WhyStraight salary compensation. Salaried employees are paid a set annual amount, and provided that amount is more than $23,660 per year, they do not receive overtime pay. … Salary plus commission compensation. … Straight hourly compensation.

What is another word for deal?

What is another word for deal?contractbargaincompactaccordarrangementsettlementtreatynegotiationcompromisetransaction149 more rows

What is another word for activity?

Synonyms foraction.enterprise.exercise.life.movement.exertion.labor.motion.

How do you calculate compensation?

5 essential factors for determining compensationYears of experience and education level. … Industry. … Location. … In-demand skill sets. … Supply and demand. … The cost of not offering competitive pay. … What happens if you can’t pay market value? … Take the guesswork out of determining compensation.More items…

What are synonyms for compensation?

compensationrecompense, repayment, payment, reimbursement, remuneration, requital, indemnification, indemnity, redress, satisfaction.damages, reparations.North American informal comp.archaic guerdon, meed.rare solatium.

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

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 compensation is calculated?

Add up the recruiting, salary, payroll tax, benefit and incentive expenses to determine the total compensation expenses. To find the monthly compensation expense, calculate the quarterly or annual expenses and divide by 3 or 12, respectively.