Compensation Package
The total combination of pay and benefits an employer offers to an employee, including base salary, bonuses, equity, health insurance, retirement contributions, and non-monetary perks.
Examples
- Base salary plus annual performance bonus
- Stock options or restricted stock units (RSUs)
- Health, dental, and vision insurance coverage
- Remote work stipends and professional development budgets
Related Terms
The total amount of money an employee earns before any deductions such as taxes, insurance premiums, retirement contributions, and other withholdings are applied.
The process of managing and overseeing employee benefit programs such as health insurance, retirement plans, paid time off, and wellness programs, including enrollment, compliance, and communication.
An organization's ability to keep its employees over time, measured as a retention rate. High retention reduces recruiting costs, preserves institutional knowledge, and maintains team cohesion.
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