Difference between Salary and Compensation

Money


All you need to know is the difference between salary and remuneration.


A salary is a weekly, monthly or bi-monthly payment received by an employee from an employer. It is usually shown in a job contract.


Remuneration is a total compensation received by an employee from an employer. It includes salary, bonuses, commission, perks and other financial and nonfinancial benefits.


A salary doesn't include benefits and rewards as remuneration does.


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