Compensation Vs Remuneration



from the legal or law point of view, there is difference between payment of the compensation and payment of the remuneration of the employee

Compensation

Remuneration

Compensation is paid to the employee in case of death of employee, physical injury, or mentally suffered.

Remuneration is paid to the employee for the work done to the organisation

Payment of the compensation is compulsory only in case of the death of employee, injury or mentally suffered.

Remuneration is paid periodically to the employee on daily basis, weekly basis, fortnightly or monthly basis for the work done.

There is separate and dedicated law for payment of compensation.

There is separate and dedicated law for payment of compensation.

Payment of the Compensation to the employee is depended on the gravity of the injury he suffered but not according to the job position or job grade.

Remuneration of the employee depends on the position of the job or grade of the job with respect to organization hierarchy.

Payment of the compensation is one time settlement or for a certain period of time unitll employee recovers from suffering.

Payment of the remuneration is paid as long as the employee work for the organization starting from appointment to retirement

Payment of the Compensation varies from injury to injury suffered by the employee.

Payment of the Remuneration varies from job to job position held by the employee in the organization.

Payment of the compensation provision is same for all employees.

Payment of the remuneration provisions is different from job to job.

Generally payment of the compensation depends and varies from age of the employee.

Payment of the remuneration of the employee depends and varies from the job title, job position or job experience

There is no other name for the word employee compensation

Other names for employee remuneration are   wages or salaries.