Homonym: compensation (Reparation)
Compensation refers to the payment or benefits that an employee receives in exchange for their work. This can include wages, salaries, bonuses, and other forms of financial rewards. Additionally, compensation may encompass non-monetary benefits such as health insurance, retirement plans, and paid time off, which contribute to an employee's overall job satisfaction.
Employers often design compensation packages to attract and retain talent while ensuring fairness and competitiveness within the job market. Factors influencing compensation include the employee's role, experience, and performance, as well as industry standards and the financial health of the organization.