Definition
Total compensation
Total compensation is the full value of a job: base salary, bonus, employer pension or retirement contributions, health cover, car allowance, insurance and any other benefit with a cash equivalent.
Two offers with the same salary can differ substantially once these are added, which is why comparing base salaries alone is unreliable.
Tools that use this term
Job Offer Comparison Calculator
Compare two offers on total value, not just salary, including bonus and benefits.
Salary Calculator
Turn a gross salary into the monthly take-home figure you can actually budget with.
Freelance Rate Calculator
The hourly rate your income target actually requires, once unbillable time is counted.