compensation

noun C1

Meaning

Compensation refers to the financial or non-financial remuneration provided to individuals for their work, services, or losses, encompassing wages, benefits, and restitution, and often reflecting the value of the contribution made or the impact of the los
💡 While commonly associated with financial remuneration, the term can also denote non-monetary forms of recompense, such as emotional or social support, which may lead to confusion in informal contexts.

Example Sentences

The company offered fair compensation for the employees' extra work .
The company offered fair compensation for the employees' overtime work .
The company reviewed employee compensation to improve job satisfaction .
The study examined the effects of compensation on employee motivation .

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