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What is meant by "compensation"?

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Compensation refers to the monetary rewards earned by workers. Typically, the term refers to salaries and wages. Compensation is only one element of the "total compensation" package employees receive at Auburn. Other elements include health benefits, retirement benefits, paid time off, and tuition benefits. more
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Compensation: payment to make up for personal injury or losses incurred as a result of an accident or incident. Compensation (Damages) is awarded in consideration of two parts: General Damages and Special Damages. • General Damages: for injury pain and suffering and any loss of amenity. Awards are made by reference guidelines to past judicial cases. • Special Damages: (where appropriate) for any reasonable financial losses or expenses incurred as a result of the accident. For example: • Loss of earnings (including overtime) • Travelling costs (including as appropriate parking costs) to and from hospitals, GP, etc. • Damage to clothes etc. • Prescription charges and over the counter medication purchased. • Aids and equipment to assist recovery or ongoing necessity • Private medical treatment • Care and assistance for the injured person. This includes in the persons home. • Accommodation alteration due to disability. Some compensation awards the Special Damages may exceed the total ... more
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