BNET Business Dictionary
Business Definition for: Compensation
- pay given in recompense for work performed
- money paid by an employer on the order of an employment tribunal to an employee who has been unfairly dismissed
Wiktionary Definition for: Compensation
- The act or principle of compensate compensating.
- That which constitutes, or is regarded as, an equivalent; that which makes good the lack or variation of something else; that which compensates for loss or privation; amends; remuneration; recompense.
- The extinction of debts of which two persons are reciprocally debtors by the credits of which they are reciprocally creditors; the payment of a debt by a credit of equal amount; a set-off.
- A recompense or reward for some loss or service.
- An equivalent stipulated for in contracts for the sale of real estate, in which it is customary to provide that errors in description, etc., shall not avoid, but shall be the subject of compensation.
- The relationship between air temperature outside a building and a calculated target temperature for provision of air or water to contained rooms or spaces for the purpose of efficient heating. In building control systems the compensation curve is defined to a compensator for this purpose.
Additional Resources
- Banks: Clawing Back CEO Compensation
- Banks: Clawing Back CEO CompensationSo very wrong...Completely disagree. Those parachutes were negotiated before these guys got on the plane. If you want to take the cash from someone, take it from the lackwits who signed off on the parachutes in the first place. Honestly, there may be...
- Discussion threads 2008-01-16
- Shire CEO Compensation Report Successfully Conceals CEO Compensation
- Shire, the British company that markets Adderall and Vyvanse, has produced a compensation report for its senior executives that is all but impossible to understand. The disclosure, starting on page 52 of the annual report, describes the compensation of just three of its top executives -- former...
- Blog posts 2009-03-25
- Obama Administration's New Executive Compensation Plan: "Say on Pay" Gives SEC New Power
- Executive compensation is taking center stage again. While the Obama administration has ditched its original plan to cap salaries for TARP recipients, it still wants to change the way corporate America pays its employees. The four major themes that Treasury Secretary Geithner outlined are: compensation plans should...
- Blog posts 2009-06-10
- The New Center on Executive Compensation: a Q&A
- There's a new player on the block in executive compensation issues. Recently-formed, the Washington-based Center on Executive Compensation says it pushes for reasoned, nuanced views on such hot-button issues as proposed "Say On Pay" legislation, regulation and other matters. The center is an offshoot of the HR...
- Blog posts 2008-05-23
- 2003 and 2004 Compensation Trends
- Organizations will undoubtedly take a long time to thoroughly implement changes in employee compensation resulting from corporate scandals and the economy. Furthermore, it will remain to be seen how enduring these efforts will be. However, corporate compensation and HR professionals in charge of the compensation function and outside compensation...
- White papers 2003-11-01
- Role Of The Compensation Committee: Recent Trends In Board Practices And Director Compensation
- Role of the compensation committee and recent trends in board practices and director compensation is discussed in the presentation. It mentions the responsibilities of compensation committee. Compensation committee determines compensation policy, provides annual review of CEO's goals and performance versus goals and evaluates CEO compensation including salary, incentive and equity...
- Presentations 2003-03-12
- Five Big Challenges for CEO Compensation Committees
- As thousands of public companies contemplate the 2008 proxy season, which will once again center around the issue of CEO compensation, here's what smart comp committees ought to be thinking about: Get the math right. How can you get the resources and information to really get a...
- Blog posts 2007-11-15
- Bailout Bill Has Major Compensation Limits
- Bailout Bill Has Major Compensation LimitsRE: Bailout Bill Has Major Compensation Limitsthis is nothing unususalin executive compensation compnaies however will just gross it up.RE: Bailout Bill Has Major Compensation LimitsThat has loopholes the size of the Atlantic Ocean written all over it. Good thoughts in theory, but CEO's who...
- Discussion threads 2008-10-06
- Wharton Profs Skeptical of Curbs on Compensation
- The Find: The public is outraged over perceived excesses in executive compensation, but the experts at the Wharton School are unsure executive pay is really out of control and whether we have a workable plan to limit it. The Source: An article in Knowledge@Wharton. ...
- Blog posts 2009-02-09
- Present Law And Background Relating To Executive Compensation
- The Senate Committee on Finance has scheduled a hearing for April 18, 2002, on issues related to corporate governance and executive compensation. This document, prepared by the staff of the Joint Committee on Taxation, provides a description of present law relating to certain types of executive compensation arrangements, including nonqualified...
- White papers 2002-04-18
- Exec. compensation: a strategic tool. (Financial & Investment Review)
- Exec. Compensation: A Strategic Tool Since the mid- 1980s, executive compensation has emerged as a potent strategic tool for property & casualty insurers. No longer reactive, compensation programs are now structured and fine-turned to drive thExec. Compensation: A Strategic Tool ...
- Research articles 1990-01-29
- Public companies executive compensation
- Public Companies Executive Compensation Ranked by total compensation in 2004 ...
- Research articles 2005-11-21
- Board Compensation: A Little Estrogen Goes a Long Way
- Approximately 91% of S&P 500 companies have at least one woman on the board, according to executive search firm Spencer Stuart, and, on average, those women are bringing in about $15,000 more annually than their male counterparts. The Corporate Library's annual pay survey indicated that median total compensation for male corporate directors is $104,375,...
- Blog posts 2007-11-08
- One Culprit in the CEO Pay Fiasco: Compensation Consultants
- For anyone who wonders how compensation for CEOs reached today's stratospheric heights, consider the role of compensation consultants such as Hewitt, Mercer Human Resources, and Towers Perrin. These sorts of companies often have millions of dollars a year of business with major Fortune 500 companies involving all...
- Blog posts 2007-11-28
- Incentive Compensation
- Companies need a compensation system that rewards sales behaviors consistent with the strategic direction of the firm and produces financial results that meet the needs of the corporation as well as the sales force. A typical compensation project will consist of an assessment of existing compensation plans and employee perceptions...
- White papers 2003-01-01
- Sales Compensation Plans: Challenges And Opportunities
- Your sales compensation plan can help motivate your sales team to achieve the greatest sales success and profitability for your company, or it can merely cost you a lot of money. It can even de-motivate your sales representative. There are several important considerations that go into Sales Compensation Plans: Challenges...
- White papers 2003-01-01
- The Workers Compensation Self-Insurance Decision
- This article states that alternate methods to finance workers compensation exposures become more attractive when the traditional insurance market hardens. Workers compensation in particular lends itself to self-insurance due to several aspects inherent in its nature. Any evaluation of the feasibility of a workers compensation self-insurance program must begin with...
- White papers 2001-08-01
- Choosing a Family-Friendly Compensation Consultant
- Does your adviser have a background in consulting to business families as well as managing compensation programs in a variety of industries? Most business families can benefit from the deep professional knowledge and the individualized guidance of a compensation professional. The overarching goal is a compensation program that reflects internal...
- White papers 2003-01-01
- Economy, Rules Forcing Compensation Changes
- The article defines the policies and procedures of HR department for the compensation to the workers. The focus is on insurance and other benefits of employees. Companies wanting to offer executive compensation packages that make both the employee and shareholders happy will have to get creative to meet challenges. With...
- White papers 2003-03-31
- Establishing Reasonable Compensation
- The federal tax laws allow a deduction for the ordinary and necessary expenses paid or incurred during the taxable year in carrying on a business. The reasonableness of an employee's salary is determined by comparing the amount of compensation paid with the value of the services performed. There is always...
- White papers 2003-05-02
