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English definition of “employee compensation”

employee compensation

noun [U]
 
 
( also compensation) US
HR the total cost of an employee or employees, including what they are paid and the cost of any benefits in addition to their pay: The overall increase in employee compensation costs in the third quarter was below the 0.8% rise expected by economists. →  Compare workers' comp
HR payment in any form given to an employee: Stock options are an attractive form of employee compensation.
(Definition of employee compensation from the Cambridge Business English Dictionary © Cambridge University Press)
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