Compensation is the total of all rewards provided to employees in return for their services.

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Compensation is the total of all rewards provided employees in return for their services.Direct financial compensation consists of the pay that a person receives in the form of wages,salaries,commissions,and bonuses.Indirect financial compensation (benefits)consists of all financial rewards that are not included in direct financial compensation.Nonfinancial compensation consists of the satisfaction that a person receives from the job itself or from the psychological or physical environment in which the person works.The overall purposes of providing compensation are to attract,retain,and motivate employees.

Compensation Is the Total of All Rewards Provided to Employees