👉 Compensations are benefits provided by a company to its employees, usually in exchange for their work. These can include bonuses, salary increases, promotions, or other forms of recognition and incentives. In the context of business transactions, compensation is often used to negotiate better terms with suppliers or partners, as well as to motivate employees to perform at their best. It can also be used to reward good performance and recognize achievements that were not recognized in previous years. Compensations can take many different forms,
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