Non-Wage Compensation
/ˌnɑn-weɪdʒ ˌkɒmpənˈseɪʃən/
Definitions
- (n.) Benefits and forms of remuneration provided to an employee in addition to regular wages or salary, such as health insurance, retirement plans, bonuses, and stock options.
The employment contract included non-wage compensation like health benefits and a retirement plan.
Forms
- non-wage compensation
Related terms
See also
Commentary
Non-wage compensation is frequently included in total remuneration discussions and should be clearly distinguished from direct cash wages for clarity in contracts and labor law analysis.
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.