competitive compensation package

USAGE SUMMARY

The phrase "competitive compensation package" is correct and usable in written English.
It can be used when discussing salary and benefits offered by an employer to attract and retain employees. Example: "Our company offers a competitive compensation package that includes a salary, health benefits, and retirement plans."

✓ Grammatically correct

Academia

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

8 human-written examples

A competitive compensation package is offered including medical, dental, 401-k, and generous CE.

Cornell University

There's more to building a competitive compensation package than cold hard cash.

Massachusetts Institute of Technology

Additional Salary Information: A competitive compensation package is offered including medical, dental, 401-k, and generous CE.

Cornell University

AHO offers a competitive compensation package including base pay/production bonus, CE, Dues, health care and PTO.

Cornell University

Parkview Animal Hospital offers flexible hours, a competitive compensation package and a collegial work environment where mentorship and a healthy work-life balance are valued.

Cornell University

That is, we would accept jobs only when the client was prepared to pay the new hire a competitive compensation package.

Harvard Business Review

Human-verified similar examples from authoritative sources

Similar Expressions

52 human-written examples

Our salaries are market-based, and we use many methods to determine fair, competitive, compensation packages".

The New York Times

When you add up all of our offered stipends, bonuses, and other benefits - we believe Lucile Packard Children's Stanford offers one of the most competitive compensation packages in the country.

Stanford University

Employment-wise a good fit for us is someone whose mission and vision matches our own; we offer competitive compensation packages for employment, but we are looking for team members who want not just a paycheck but a sense of fulfillment as well.

Cornell University

In order to attract the level of experience that these larger organizations need, competitive compensation packages are offered.

Forbes

Unable to compete with competitive compensation packages, companies stopped pursuing some talented candidates, wrongly assuming that the company with the biggest compensation package would always win.

Forbes

Expert writing Tips

Best practice

When discussing job offers or benefits, use "competitive compensation package" to signal that the salary and benefits are designed to attract top talent. It implies that the offering is benchmarked against industry standards.

Common error

Avoid focusing solely on the salary figure when describing a "competitive compensation package". Emphasize the complete range of benefits, including health insurance, retirement plans, professional development opportunities, and work-life balance initiatives, to attract a broader range of candidates.

Linguistic Context

The phrase "competitive compensation package" functions as a noun phrase, specifically acting as a direct object or subject complement, describing the overall value proposition offered by an employer. As seen in Ludwig, the phrase is often used in job postings or company statements to attract potential employees.

Expression frequency: Uncommon

Frequent in

Academia

40%

News & Media

35%

Formal & Business

25%

Less common in

Science

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "competitive compensation package" is a professional term used to describe an attractive set of salary and benefits offered by an employer. Ludwig AI confirms its correct and usable nature in written English. It's commonly found in academia, news, and formal business contexts, highlighting its relevance in attracting and retaining talent. While grammatically sound and frequently used, it's essential to emphasize all components of the package, not just the monetary value, to effectively appeal to potential employees.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

market-leading compensation

Highlights that the compensation is among the best in the industry.

attractive remuneration package

Replaces "compensation" with "remuneration" and "competitive" with "attractive", focusing on the appeal of the offering.

first-rate employee benefits

Emphasizes the high quality of the benefits offered to employees.

premium compensation plan

Highlights the superior quality of the overall compensation plan.

appealing benefits package

Focuses on the "benefits" aspect of compensation, using "appealing" to emphasize attractiveness.

excellent total rewards package

Focuses on the entirety of rewards, not just immediate compensation.

competitive salary and benefits

Separates salary and benefits while maintaining the emphasis on competitiveness.

comprehensive rewards program

Broadens the concept to include all types of rewards, not just monetary compensation.

lucrative employment terms

Shifts the focus to the "employment terms" being financially rewarding.

generous pay and perks

Uses more informal terms like "pay" and "perks" to convey a similar meaning.

FAQs

What does "competitive compensation package" include?

A "competitive compensation package" typically includes a base salary, health insurance, retirement plans (like 401k), paid time off (PTO), and other benefits such as dental, vision, life insurance, and professional development opportunities.

What are some alternatives to saying "competitive compensation package"?

You can use alternatives like "attractive remuneration package", "appealing benefits package", or "market-leading compensation" depending on the context.

How important is a "competitive compensation package" for attracting employees?

A "competitive compensation package" is very important for attracting and retaining talented employees. It shows that the company values its employees and is willing to invest in their well-being and future.

What should employers consider when creating a "competitive compensation package"?

Employers should consider industry standards, the cost of living in the area, the company's financial situation, and the specific needs and expectations of their employees. Offering flexibility and opportunities for growth can also enhance a compensation package.