compensation plan

Salary and benefits

A compensation plan is a structured system describing how employees or participants will be paid.

In corporate settings, it details salary, bonuses, benefits, and incentives.

In sales and multi-level marketing, compensation plans specify commission structures and earnings potential: The company's compensation plan rewards top performers with escalating bonuses.

Often shortened to comp plan.

salaryFixed periodic employment payment
bonusReward beyond expectation
commissionPayment for services rendered
incentiveReward encouraging action
benefitsGains or helpful effects

on target earnings · payroll · equity · stock options · vesting · 401k · pension · healthcare · package · tiered · quota · earnings · payout · structure · rewards · merit increase · performance · revenue share

Opposites

employee benefit vs. employee burden

compensation planwage theft

Employer withholding earned compensation

exploitation · unpaid labor · garnishment · fee structure

structured payment vs. unstructured/absent payment

compensation planunpaid work

Labor without remuneration

slavery · forced labor · indentured servitude · wage theft · nonpayment

reward vs. penalty

compensation plandemotion

Reduction in status

pay cut · sanctions · punitive measures · corrective action

Family

compensation, plan, compensate, compensated, compensating, compensatory, compensator, recompense, plans

Familiarity: Top 500,000
Profile: Used worldwide · Timeless · Abstract · Rated G