Compensation Management
/ˌkɒmpənˈseɪʃən ˈmænɪdʒmənt/
Definitions
- (n.) The systematic process of planning, organizing, and controlling employee remuneration to ensure fairness, compliance with labor laws, and alignment with organizational policies.
The company's compensation management policy ensures equitable pay across all departments.
- (n.) The administration and legal oversight of compensation claims and settlements arising from workplace injuries or employment disputes.
Effective compensation management reduced litigation risks related to workers' injury claims.
Forms
- compensation management
Related terms
See also
Commentary
In legal contexts, compensation management spans both employee remuneration systems and the handling of legal claims for compensation, requiring attention to regulatory compliance and equitable treatment.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.