compensationcom·pen·sa·tion /ˌkɒmpənˈseɪʃənˌkɑːm-/ noun [uncountableU]HUMAN RESOURCES1an amount paid to someone because they have been hurt or harmedMr Lewis was awarded $75,000 compensation for injuries suffered in the accident.
The group will pay compensation to 800 people who have been made redundant.
2 abbreviation comp American EnglishAmE the total amount of money and other advantages that someone receives as an employeeJapanese workers get 30% of their compensation in vacation pay and bonuses.
The firm has agreed to a new compensation package for its chairman, including stock options worth $252 million.
→ employee compensation → social security compensation