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This question is about salaries.
What does compensation change mean?
Compensation change means a change in terms of an employee's pay. Compensation changes can come in many different forms, such as:
Allowances
Equity
Raises
Hiring salary adjustments
Temporary salary adjustments
Job-related skill enhancement pay
And many others
Changes in an employee's pay, or compensation change, can also come in the form of the merit process, whereby the employee is given an increase in their compensation based on job performance and sometimes other key metrics related to a specific role.
Employees can also request compensation changes in the form of salary increases (raises) or more comprehensive employee benefits.
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