n. : The act of remunerating. Something, such as a payment, that remunerates.
Payment or compensation received for services or employment. This includes the base salary and any bonuses or other economic benefits that an employee or executive receives during employment.
n. The act of compensating or the state of being compensated. Something, such as money, given or received as payment or reparation, as for a service or loss. 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. Psychology. Behavior that develops either consciously or unconsciously to offset a real or imagined deficiency, as in personality or physical ability.
This term often refers to the total compensation received by an executive, which includes not only the base salary but options, bonuses, expense accounts and other forms of compensation.
Direct and indirect monetary and nonmonetary rewards given to employees on the basis of the value of the job, their personal contributions, and their performance. These rewards must meet both the organization's ability to pay and any governing legal regulations.