HR Glossary

Total Compensation

Total compensation refers to the complete pay package company offers to employees in order to attract, motivate and retain them.

what-is-total-compensation

Total compensation definition

Total compensation refers to the complete pay package company offers to employees in order to attract, motivate and retain them.

It includes all resources available to employees, most common being:

• money

• benefits

• services

• knowledge

• experience

• other “perks”

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