Definition of Compensation
Compensation
com·pen·sa·tion
Definition/Meaning
(noun)
Payment or reward for work, loss, or injury.
e.g. The company offered compensation to the employees who lost their jobs.
(noun)
in American usage, the payment or other benefits that an employer offers to an employee in exchange for services provided;
e.g. He felt that he was not receiving adequate compensation for the work he was doing.
(noun)
something that makes up for or counteracts an unwelcome or undesirable circumstance;
e.g. The ideal location of my new apartment is compensation for its small size.
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