Total Compensation
Total Compensation :
The total cash remuneration plus the valued perquisites and benefits awarded employees on an annual basis. In valuing perquisites and benefits, values to facilities provided to employees that have to be claimed before being paid, and also the value of long-term benefits are usually included. Typical items included are medical expenses, vacation tickets, children's education, terminal benefits (gratuity, provident fund, social security), share purchase plans, club memberships etc. Also known as total remuneration
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