compensation package
nounUK /ˌkɒm.penˈseɪ.ʃən ˈpæk.ɪdʒ/
US /ˌkɑːm.penˈseɪ.ʃən ˈpæk.ɪdʒ/
All the money and extra things a person gets for doing a job.
The company offered her a great compensation package with a bonus and health insurance.
OTHER MEANINGS
2. The full set of rewards an employee receives, including base pay, bonuses, and stock options.
Executives often negotiate their compensation package before signing a contract.
3. The money and benefits given to someone who has been hurt or lost something.
The airline gave passengers a compensation package after the long delay.
4. A bundle of payments and support offered when a worker leaves a company.
The departing manager received a severance compensation package.