Meaning of “employee compensation” in the English Dictionary

"employee compensation" in Business English

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employee compensationnoun [ U ]

uk us 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.

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)