Total Compensation
/ˈtoʊtəl kɑːmpənˈseɪʃən/
Definitions
- (n.) The complete package of salary, bonuses, benefits, and other forms of remuneration given to an employee as compensation for their work.
The employment contract detailed the total compensation to include health benefits and stock options.
Forms
- total compensation
- total compensations
Related terms
See also
Commentary
Total compensation encompasses all monetary and non-monetary earnings agreed upon in employment, requiring clarity to avoid disputes over components included.
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.