👉 Procompensation is a term used in business and finance to describe an arrangement where one party receives compensation for their services or contributions, while another party pays them for those services. This can be either through cash payments, in-kind contributions, or other means of payment. In the context of human resources management, procompensation refers to arrangements that allow a company to compensate its employees for their time and effort they have contributed to the organization. These could include things like bonuses, performance-based incentives, or
