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Compensation Package

Compensation Package – a compensation package is the total worth of assets and benefits an employee receives. A compensation package is the entire amount an employee will receive from the employer, but is broken down into groups.  The salary the employee will receive is the most major part of a compensation package...  vacation pay and the number of total paid sick days awarded to the employee.  The entire amount of a pension is also figured in the compensation package. Insurance coverage the employee receives and the value of the policy. An exit compensation package is a package an employee gets after his employment is terminated

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