Engineering Salaries. on the Rise. In the 2012 Engineering Income and Salary Survey, conducted by the American Society of Mechanical Engineers (ASME) and the American Society of Civil Engineers (ASCE), we look at the state of salaries and the job market in the field of engineering.
Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction.
Compensation payment. The compensation payment is the amount the employer pays the employee for loss of office or loss of employment. Where the parties enter into a settlement agreement the employer pays this extra, or ex-gratia, payment in return for the employeeâs undertaking not to sue the employer.he compensation payment is the amount the employer pays the employee for loss of office or loss of employment.