a compensation package

USAGE SUMMARY

The phrase "a compensation package" is correct and usable in written English.
It is typically used in the context of employment to refer to the total benefits and salary offered to an employee. Example: "The company offered her a competitive compensation package that included health benefits, retirement plans, and a signing bonus."

✓ Grammatically correct

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Stevanovic will meet the GFA once again on Friday, for another meeting on a compensation package with almost a year still left on his contract.

BBC

Derby County have signed out-of-contract Aberdeen striker Chris Maguire on a three-year deal after the two clubs agreed a compensation package.

BBC

Discussions over a compensation package were agreed on Monday night.

The Guardian - Sport

Most of the money would constitute a compensation package for Palestinian refugees and their host countries.

The New York Times

He does not consider a compensation package nearing £500,000 unreasonable".

The Guardian

She said the parties were still discussing a compensation package for Mr. Berman.

The New York Times

The board awarded Mr. Fuld a compensation package of more than $40 million.

The New York Times

Michael Corbat, Citigroup's CEO had a compensation package that totaled $17.6m.

The Guardian - Money

A Spanish oil firm, Repsol, had its assets in Argentina expropriated (on February 26th it agreed to a compensation package).

The Economist

Mr Ovitz was sacked a little over a year later with a compensation package valued at some $140m.

The Economist

ExxonMobil had recently awarded its retiring chief executive, Lee Raymond, a compensation package worth four hundred million dollars.

The New Yorker

Expert writing Tips

Best practice

When comparing job offers, look beyond the base salary and evaluate the entire "compensation package", including health insurance, retirement plans, and paid time off.

Common error

Don't focus solely on the salary figure when evaluating a "compensation package". Factors like health insurance, retirement contributions, and professional development opportunities can significantly impact the overall value.

Linguistic Context

The phrase "a compensation package" primarily functions as a noun phrase. It acts as the subject or object of a sentence, referring to the total sum of benefits and payments an individual receives in exchange for their services. Ludwig AI confirms its correct and usable nature in written English.

Expression frequency: Very common

Frequent in

News & Media

68%

Formal & Business

15%

Science

6%

Less common in

Wiki

5%

Academia

0%

Encyclopedias

0%

Ludwig's WRAP-UP

In summary, "a compensation package" is a commonly used noun phrase that refers to the total value of an employee's pay and benefits. Ludwig AI confirms that it is grammatically correct and widely applicable. It's most frequently found in News & Media and Formal & Business contexts, and should be used with a professional or neutral tone. Remember to consider all aspects of the package, not just the salary, when evaluating its value. Alternative phrases like "a salary package" or "a benefits package" can be used depending on the specific aspect you wish to emphasize.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

a salary package

Focuses specifically on the monetary component of the compensation.

a benefits package

Emphasizes the non-monetary advantages included in the total compensation.

a remuneration package

A more formal term for overall compensation, including salary and benefits.

a total rewards package

Highlights the comprehensive nature of all rewards, both tangible and intangible.

an employee compensation plan

Focuses on the systematic structure and design of the compensation arrangement.

executive compensation

Specifically refers to the compensation offered to high-level executives.

a severance agreement

Performs a similar function in the context of employment termination, relating to additional payment/ benefits.

a financial incentive package

Highlights the aspect of incentivizing performance through financial means.

a pay and benefits plan

Directly lists pay and benefits for a more literal interpretation.

a value proposition

Highlights how rewarding/beneficial an offer is for a potential recruit/employee.

FAQs

What does "a compensation package" typically include?

A "compensation package" typically includes salary, health insurance, retirement plans, paid time off, and other benefits like stock options or bonuses.

How can I negotiate "a compensation package"?

Research industry standards, highlight your value, and be prepared to discuss your needs and expectations. Consider negotiating for additional benefits if a higher salary isn't possible.

What are some alternatives to "a compensation package"?

You can use alternatives like "a salary package", "a benefits package", or "a remuneration package" depending on the context.

What's the difference between "a compensation package" and a salary?

Salary is just one component of "a compensation package". The package encompasses the total value of an employee's pay and benefits, while salary refers only to the fixed amount of money earned.