Employee Compensation
/ɪmˈplɔɪi ˌkɒmpənˈseɪʃən/
Definitions
- (n.) Monetary or non-monetary remuneration given by an employer to an employee for services rendered.
The employee compensation includes salary, bonuses, and benefits.
- (n.) Legal obligation of an employer to pay or provide benefits as part of the employment contract or statutory requirements.
Employee compensation laws protect workers from unfair wage practices.
Forms
- employee compensation
Related terms
See also
Commentary
Employee compensation encompasses both agreed contractual remuneration and statutory benefits, requiring precision in contracts and compliance with labor laws.
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.