How Do You Use Compensate?

What is the best synonym for compensate?

Synonyms & Antonyms of compensateindemnify,recompense,recoup,remunerate,requite,satisfy..

How do you calculate compensation?

5 essential factors for determining compensationYears of experience and education level. … Industry. … Location. … In-demand skill sets. … Supply and demand. … The cost of not offering competitive pay. … What happens if you can’t pay market value? … Take the guesswork out of determining compensation.More items…

What is direct compensation?

Direct compensation involves monetary payments to employees for time worked or results obtained. Indirect compensation involves expenditures made by an employer on behalf of all employees and is typically referred to as “fringe benefits.” Intangible compensation involves non-monetary rewards such as….

What is the phrasal verb of compensate?

compensate > synonyms33»make up v. & exp.comp, outrival, redress4»compensate for v. & exp.save, restore, offset4»even off v. & exp.correction, balance, adjust for3»take care of v. & exp. & idi.return, fix, balance3»bring back v.action, restitution, recompensate16 more rows

What is another word for offset?

SYNONYMS FOR offset 2 onset. 17 match, parallel; counterweight, counterpoise; counteract.

What is a compensation salary?

Compensation describes the cash rewards paid to employees in exchange for the services they provide. It may include base salary, wages, incentives and/or commission. Total compensation includes cash rewards as well as any other company benefits.

What is compensation with example?

The definition of compensation is something of value given in exchange for something else. The money a company pays to its employee to do work is an example of compensation. When a person gets into a car accident and injures someone, the money he pays to the injured victim for his losses is an example of compensation.

What are compensation requirements?

A salary requirement is the amount of compensation a person needs in order to accept a position. Salary requirements are based on several factors such as:1 Prior salary history. Previous work experience. Your skills.

What is the best form of compensation?

Pay for performance is by far one of the most popular forms of compensation that employees can offer their workforce.

What are some antonyms for compensation?

Antonyms for compensationdebt.hurt.loss.penalty.damage.deprivation.fine.forfeiture.

What is additional compensation?

Additional Compensation is salary paid in excess of an employee’s base salary for effort that is performed in addition to or outside of effort spent on normal job duties.

What does it mean to compensate?

verb. to make amends to (someone), esp for loss or injury. (tr) to serve as compensation or damages for (injury, loss, etc) to offset or counterbalance the effects of (a force, weight, movement, etc) so as to nullify the effects of an undesirable influence and produce equilibrium.

What is another word for compensation?

compensationrecompense, repayment, payment, reimbursement, remuneration, requital, indemnification, indemnity, redress, satisfaction.damages, reparations.North American informal comp.archaic guerdon, meed.rare solatium.

What is difference between salary and compensation?

Compensation is an amount received by the employee as a condolence or help for some misfortune or mishappening he occurred while working either in the company or for the company. Salary is received in return to the services rendered by an employee to his / her Organization.

What should I put for total compensation?

What should be included in a total compensation statement?Salary/hourly rate.Medical benefits coverage—include amount paid by employee and employer.Flexible spending account information.Paid leave—include vacation/sick/PTO, holiday, personal, bereavement, military pay, jury duty, etc.Disability insurance.Life insurance.Employee assistance program.More items…

What are the four types of compensation?

Different types of compensation include:Base Pay.Commissions.Overtime Pay.Bonuses, Profit Sharing, Merit Pay.Stock Options.Travel/Meal/Housing Allowance.Benefits including: dental, insurance, medical, vacation, leaves, retirement, taxes…

Does compensation always mean money?

Compensation can also be money, a payment meant to give someone a fair exchange for their effort and output. … In fact, the word comes from the Latin word compensat-, meaning “weighed against.” If you receive fair compensation for your work, the money is equal to your time and effort.