The complete value of everything an employee receives in exchange for their work — including base salary, bonuses, equity, benefits, retirement contributions, paid time off, and other non-cash perks valued in monetary terms.
Total compensation packaging is most effective as a candidate conversion tool when personalized rather than standardized: a candidate who mentioned managing childcare costs values childcare benefits more than an equivalent equity grant, while one who explicitly said long-term ownership matters values equity over a cash bonus. Most organizations offer a fixed package without personalizing the mix to the candidate's stated priorities — leaving significant conversion opportunity unrealized for offers competitive in total value but poorly composed for the specific candidate's actual weighting of each component. Recruiter training in compensation conversation and pre-offer priority discovery is the behavioral change that converts this insight into improved offer acceptance rates at minimal additional cost.
What the research says about employee engagement.
Other ways this term appears across industries and languages.
Common questions about employee engagement.