Total Compensation

What is Total Compensation ?

‘Total Compensation’ refers to the complete monetary benefits provided to an employee by the company. Generally speaking, it is considered to be a sum of the base pay of the employee and the additional incentives and bonuses provided.

The total compensation would also include the benefits which the employee doesn’t receive as money. Benefits such as gym memberships, medical insurance, vacation time, dental plans, tuition reimbursement, etc. are all included while calculating the total compensation.

In other cases, total compensation might even include the profit sharing distributions, child care assistance, house rent, retirement plans, etc. All of these should be taken into consideration and summed with the base pay while calculating the total compensation.

More HR Terms

Corporate Personhood

What is Corporate Personhood ? ‘Corporate Personhood’ refers to the concept of allowing enterprises and companies to be recognized as an individual rather than a

Integrity Testing

What is Integrity Testing?   ‘Integrity Testing’ refers to a screening practice during recruitment of a new candidate which helps to test the candidate’s integrity

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’