Compensation Vs Remuneration
In general usage language compensation and remuneration are used interchangeably but from the legal perspective there is difference between payment of compensation and payment of remuneration to an employee. The below table distinguish the difference between compensation and remuneration from the legal perspective.
Compensation Management
Compensation for Individual Performance
Piecework Rates
Standard Hour Plan
Merit Pay
Performance Bonus
Sales Commission
Gainsharing
Team Awards and Bonus
Pay for Organizational Performance
Profit Sharing
Employee Stock Option Plan (ESOP)
[USA]