Define "Compensation" Before Discussing It

June 22, 2016

 

Before discussing compensation with a future employer or with a candidate whom you want to employ, make sure both parties are using the same definition of the word "compensation". Compensation can mean gross pay or net pay.  It may include bonus pay or it may exclude it.  It may include only cash compensation or it may include benefits, too. A narrow definition of the term "compensation", will help you avoid any unnecessary confusion.    

 

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