Quick Vocabulary — Compensation

Tap a card to see the meaning and an example. Use the speaker under each card to hear the word.

total compensation

everything an employer gives, not only the salary

Let me walk you through the total compensation, not just the base.

base salary

the fixed regular pay, before bonuses and benefits

The base salary is fifty-two thousand.

counter-offer

a different offer made in reply to one you received

She came back with a counter-offer eight percent higher.

salary band

the range of pay allowed for a particular role

That figure is above the top of the band for this role.

to hold a limit

to refuse to go beyond a figure you have set

I have to hold the limit here, and I would rather say so clearly.

perks

extra benefits that come with a job

The perks are genuinely good: training budget and an extra week off.

to walk somebody through

to explain something step by step

Let me walk you through what the package includes.

sign-off

formal approval from somebody more senior

Anything above the band needs sign-off from the director.