Compensation vs. Payroll

Compensationnoun

The act or principle of compensating.

Compensationnoun

Something which is regarded as an equivalent; something which compensates for loss

Compensationnoun

The extinction of debts of which two persons are reciprocally debtors by the credits of which they are reciprocally creditors; the payment of a debt by a credit of equal amount; a set-off.

Compensationnoun

A recompense or reward for service.

Compensationnoun

An equivalent stipulated for in contracts for the sale of real estate, in which it is customary to provide that errors in description, etc., shall not avoid, but shall be the subject of compensation.

Compensationnoun

The relationship between air temperature outside a building and a calculated target temperature for provision of air or water to contained rooms or spaces for the purpose of efficient heating. In building control systems the compensation curve is defined to a compensator for this purpose.

Compensationnoun

The act or principle of compensating.

Compensationnoun

That which constitutes, or is regarded as, an equivalent; that which makes good the lack or variation of something else; that which compensates for loss or privation; amends; remuneration; recompense.

Compensationnoun

The extinction of debts of which two persons are reciprocally debtors by the credits of which they are reciprocally creditors; the payment of a debt by a credit of equal amount; a set-off.

Compensationnoun

something (such as money) given or received as payment or reparation (as for a service or loss or injury)

Compensationnoun

(psychiatry) a defense mechanism that conceals your undesirable shortcomings by exaggerating desirable behaviors

Compensationnoun

the act of compensating for service or loss or injury

Payrollnoun

A list of employees who receive salary or wages, together with the amounts due to each.

Payrollnoun

The total sum of money paid to employees.

Payrollnoun

(accounting) The calculation of salaries and wages and the deduction of taxes etc.; the department in a company responsible for this.

Payrollnoun

(euphemistic) Bribes paid to people

Payrollverb

(transitive) To place on a payroll.

Payrollnoun

a list of employees and their salaries;

Payrollnoun

the total amount of money paid in wages;

Payrollnoun

the department that determines the amounts of wage or salary due to each employee

Payrollnoun

a list of a company's employees and the amount of money they are to be paid

Payrollnoun

the total amount of wages paid by a company

Payroll

In treasury management, a payroll is the list of employees of some company that is entitled to receive payments as well as other work benefits and the amounts that each should receive. Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously made to employees, including salaries and wages, bonuses, and withheld taxes, or the company's department that deals with compensation.