Enterprise Compensation Management

[ˈɛn(t)ərˌpraɪz | ˌkɑmpənˈseɪʃ(ə)n | ˈmænɪdʒmənt]
Definition:

This is a computer-assisted process of onboarding, human resources management and industry analysis in regards to employee compensation. Organisations utilise this software to compare compensation offers across different geographical locations. 

It is important for each organization to have this system because it will help them to refine and to offer better compensation packages for their staff; employers must therefore invest in this process and implement it in their workplaces.

Part of speech:
noun
Use in a sentence:
Employers must take advantage of enterprise compensation management.
Enterprise Compensation Management