compensation package

  

Definition

Sum of direct benefits (such as salary, allowances, bonus, commission) and indirect benefits (such as insurance, pension plans, vacations) that an employee receives from an employer.

Use this term in a sentence

  • We received a compensation package and I was really glad because I wanted one badly and thought I deserved one too.

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  • When Jeff looked over the generous compensation package offered by Google, he found himself jumping ship at Apple to come work for the employee-centric company.

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  • The compensation package was so excellent that the candidate immediately accepted the offer because he knew no one else could match the offer.

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