Business Pitch Dictionary by pitch.dog
Performance, pay & rewards · Core

Compensation

Also called: remuneration

ELI5

Pay and financial rewards provided for work.

Used in conversation

“Who is accountable for compensation, and who is affected by it?”

Pitch context

You will see “Compensation” in organisation plans, workforce reviews, change programmes and people reports when the discussion reaches performance, pay & rewards.

Why it matters: In performance, pay & rewards, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 2

Direct term-level sources and supporting source families.