Comp and Benefits (or C&B)

Definition

The HR department's way of packaging salary, health insurance, and the promise of work-life balance into one tidy compensation package.

Example Usage

Our comp and benefits team negotiated a better 401(k) match with the finance department.

Origin

Standard HR terminology established by the 1970s

Fun Fact

Benefits typically account for 30-40% of total employee compensation costs

Source: HR management practices, Bureau of Labor Statistics

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