Compensation Vs Remuneration

 

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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