Compensation is the practice of providing monetary and non-monetary benefits to employees in exchange for their work and contributions to an organization. This can include base salary, bonuses, commissions, employee benefits (such as health insurance and retirement plans), and other forms of remuneration. Compensation is a critical aspect of human resource management as it helps attract, retain, and motivate employees, as well as ensuring fair and equitable treatment among employees. Research in the area of compensation often focuses on topics such as pay structures, incentive programs, pay equity, and the impact of compensation on employee performance and organizational outcomes.