HR Glossary

What is Total Compensation?

The complete monetary value of everything an employee receives from their employer, including base salary, bonuses, equity, benefits, retirement contributions, and any other financial perks.

Why it matters in hiring

Total Compensation comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with T

• The Social Security Code, 2020
• Time to Fill
• Time to Hire
• Title VII
• Total Rewards
• TradeUp / Skills Training (Australia)
• Training Needs Analysis (TNA)
• Training ROI

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.