Compensation vs. Payroll
Compensationnoun
The act or principle of compensating.
Payrollnoun
A list of employees who receive salary or wages, together with the amounts due to each.
Compensationnoun
Something which is regarded as an equivalent; something which compensates for loss
Payrollnoun
The total sum of money paid to employees.
Compensationnoun
The extinction of debts of which two persons are reciprocally debtors by the credits of which they are reciprocally creditors; the payment of a debt by a credit of equal amount; a set-off.
Payrollnoun
(accounting) The calculation of salaries and wages and the deduction of taxes etc.; the department in a company responsible for this.
Compensationnoun
A recompense or reward for service.
Payrollnoun
(euphemistic) Bribes paid to people
Compensationnoun
An equivalent stipulated for in contracts for the sale of real estate, in which it is customary to provide that errors in description, etc., shall not avoid, but shall be the subject of compensation.
Payrollverb
(transitive) To place on a payroll.
Compensationnoun
The relationship between air temperature outside a building and a calculated target temperature for provision of air or water to contained rooms or spaces for the purpose of efficient heating. In building control systems the compensation curve is defined to a compensator for this purpose.
Payrollnoun
a list of employees and their salaries;
‘the company had a long payroll’;
Compensationnoun
The act or principle of compensating.
Payrollnoun
the total amount of money paid in wages;
‘the company had a large payroll’;
Compensationnoun
That which constitutes, or is regarded as, an equivalent; that which makes good the lack or variation of something else; that which compensates for loss or privation; amends; remuneration; recompense.
‘The parliament which dissolved the monastic foundations . . . vouchsafed not a word toward securing the slightest compensation to the dispossessed owners.’; ‘No pecuniary compensation can possibly reward them.’;
Payrollnoun
the department that determines the amounts of wage or salary due to each employee
Compensationnoun
The extinction of debts of which two persons are reciprocally debtors by the credits of which they are reciprocally creditors; the payment of a debt by a credit of equal amount; a set-off.
Payrollnoun
a list of a company's employees and the amount of money they are to be paid
‘there are just three employees on the payroll’;
Compensationnoun
something (such as money) given or received as payment or reparation (as for a service or loss or injury)
Payrollnoun
the total amount of wages paid by a company
‘small employers with a payroll of less than £45,000’;
Compensationnoun
(psychiatry) a defense mechanism that conceals your undesirable shortcomings by exaggerating desirable behaviors
Payroll
In treasury management, a payroll is the list of employees of some company that is entitled to receive payments as well as other work benefits and the amounts that each should receive. Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously made to employees, including salaries and wages, bonuses, and withheld taxes, or the company's department that deals with compensation.
Compensationnoun
the act of compensating for service or loss or injury
