Der Entschädigungsplan
Example: Der Entschädigungsplan wurde letzte Woche im Meeting vorgestellt.
Definition
"Der Entschädigungsplan" refers to a compensation plan designed to outline the structure of payments, bonuses, and benefits provided to employees as part of their overall remuneration package in a company or organization.
Etymology
The word "der Entschädigungsplan" is a compound German noun formed from "Entschädigung" meaning compensation or indemnity, and "Plan" meaning plan or scheme. It literally translates to a plan for compensation, reflecting its purpose in human resources to organize employee payments.
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"Der Entschädigungsplan" appears in the Vocaplus list "German - HR - (A1-C2) - set 1", containing 182 commonly used words.
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the compensation plan