Compensation |
Remuneration |
| Compensation is paid to the employee in case of death of employee, physical injury, or mentally suffered during the course of employment. | Remuneration is paid to the employee for the work done for his employer |
| Payment of the compensation is compulsory only in case of the death of employee, injury or mentally suffered during the course of employment. | 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 Remuneration. |
| 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 positioned in the organization hierarchy. |
| Payment of the compensation is one time settlement or for a certain period of time to the employee unitll He or she recovers from suffering . | Payment of the remuneration is paid to the employee as long as he/she works 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 provisions are same for all employees. | Payment of the remuneration provisions are different from job to job. |
| Payment of the compensation depends on age of the employee and the injury he or she suffered. | 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. |
Source: whatishumanresource
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