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What does Compensation mean ??


What does Compensation mean ??

something given or received as payment or reparation
a defense mechanism that conceals your undesirable shortcomings by exaggerating desirable behaviors
recompense: the act of compensating for service or loss or injury

With a job it would be a term used when describing what a company pays to retain you.
It would include salary, bonus, stock options, 401K matching, pension plan (if applicable) and health benefits (which today are increasingly important).

David T, say you took this nice girl out a few times. Done went to the movies, dinner, to a basketball game you know just plan dating. Eventually you want some kind of compensation for your good deeds. She needs to become your girlfriend, return the favor and treat you to some of these things or hey you know.

Or basically you getting paid for some type of time and effort you put in sales job, work you have done, public speaking get the picture?

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