cost of compensating

USAGE SUMMARY

The phrase "cost of compensating" is correct and usable in written English.
It can be used when discussing the financial implications or expenses associated with providing compensation, such as salaries, benefits, or reimbursements. Example: "The cost of compensating employees has increased significantly over the past year due to rising wages and benefits."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

22 human-written examples

The cost of compensating occupational diseases accounts for the majority of the total costs of compensation in European countries [ 15].

Environmental Health: A Global Access Science Source

The bank has set aside £4bn to cover the cost of compensating its customers.

The Guardian - Money

Britain's biggest retail bank, which also owns Halifax and Bank of Scotland, is responsible for almost half the total cost of compensating customers.

The Guardian - Money

The revenue lost by leaving a seat empty — a spoiled seat, in industry parlance — typically exceeds the cost of compensating a bumped passenger.

The New York Times

There are similar concerns in China: officials have been loth to cull birds in some affected areas because of the cost of compensating farmers.

The Economist

Energy giant BP has reached out to David Cameron for help with the escalating cost of compensating US companies for the disastrous oil spill in 2010.

Independent

Human-verified similar examples from authoritative sources

Similar Expressions

38 human-written examples

A few big companies, including Coca-Cola, have volunteered to charge the costs of compensating employees with stock options against their earnings.

The New York Times

The cost of the payment protection insurance scandal has soared again after Barclays set aside another £900m to cover the costs of compensating customers mis-sold the insurance product.

The Guardian - Business

This computable general equilibrium (CGE) study examines the social costs of compensating the energy-intensive export industries in Norway for their profit losses from imposing the same electricity tax on all industries.

Energy Economics

And then there are the difficult-to-pin-down costs of compensating small businesses who were sold inappropriate interest-rate swaps - which will certainly be rather more than £1bn in aggregate and possibly (in an unlikely worst case for the banks) a multiple of that.

BBC

In Australia, this might involve government and employers sharing the costs of compensating quarantined employees.

BMC Infectious Diseases

Expert writing Tips

Best practice

When discussing legal settlements or insurance claims, use "cost of compensating" to clearly convey the financial responsibility involved in providing remuneration to affected parties.

Common error

Avoid limiting the use of "cost of compensating" solely to monetary payouts. Compensation can also include benefits, services, or other forms of redress, so ensure your language reflects the full scope of what is being provided.

Linguistic Context

The phrase "cost of compensating" functions as a noun phrase, identifying and quantifying the expenses associated with providing compensation. As confirmed by Ludwig, this phrase is grammatically correct. Examples from Ludwig show its use in various contexts like legal settlements, insurance claims, and employee remuneration.

Expression frequency: Uncommon

Frequent in

News & Media

40%

Science

35%

Formal & Business

25%

Less common in

Reference

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, the phrase "cost of compensating" is a grammatically sound and relatively common expression used to denote the financial expenses involved in providing compensation. Ludwig confirms its correctness and provides examples spanning news, scientific, and business domains. While alternatives exist, this phrase is particularly apt for formal and professional contexts where clarity and precision are paramount. When using "cost of compensating", remember that compensation can encompass various forms of redress, not just monetary payouts.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

expense of reimbursement

Replaces 'compensating' with 'reimbursement', focusing on repayment of incurred costs.

outlay for recompense

Replaces 'compensating' with 'recompense', focusing on making amends for loss or harm suffered.

financial burden of indemnification

Uses 'indemnification' to emphasize protection from liabilities and its associated financial strain.

expenditure on redress

Highlights the spending involved in correcting a wrong or unfair situation.

economic impact of restitution

Highlights the broader economic consequences of restoring something lost or stolen.

budgetary consequences of reimbursing

Focuses on the budgetary effects of repaying expenses.

charge for providing reparations

Focuses on the expense related to providing amends for damages or injuries.

price tag for atonement

Emphasizes the cost associated with making amends for wrongdoing.

fiscal implications of rewarding

Shifts the focus to the financial effects of providing rewards or incentives.

monetary value of offsetting losses

Highlights the financial amount assigned to counterbalancing or neutralizing losses.

FAQs

How can I use "cost of compensating" in a sentence?

You can use "cost of compensating" to refer to the financial expenses associated with providing remuneration or amends to individuals or entities. For example: "The bank increased its provisions to cover the "cost of compensating" customers mis-sold payment protection insurance."

What are some alternatives to "cost of compensating"?

You can use alternatives such as "expense of reimbursement", "financial burden of indemnification", or "outlay for recompense" depending on the context.

Is it correct to use "price of compensating" instead of "cost of compensating"?

While "price of compensating" is grammatically correct, "cost of compensating" is more commonly used and generally preferred in formal and business contexts. "Price" often implies a direct exchange, while "cost" encompasses a broader range of expenses.

What factors contribute to the "cost of compensating" employees beyond salary?

Besides salaries, the "cost of compensating" employees includes benefits such as health insurance, retirement contributions, paid time off, and other perks. These additional elements significantly increase the overall expense for employers.