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What is the difference between Pay and Benefit ?

Workers Compensation Business Management Benefit Administration Pay For Performance HR Management
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Question added by Alee Iftikhar , Administration & Marketing Officer , Sunrise Marketing (Pvt) Ltd
Date Posted: 2015/11/07
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Praveen Haridas
by Praveen Haridas , Human Resources Manager - Looking for New Opportunity , G’Sons Retail Private Limited

Pay is purely the monetary aspect. Salary, bonus, etc.

Benefits are the non-monetary items like heath insurance, medical insurance ans so on..

Thanks / Praveen

Ihab El Din Rehan
by Ihab El Din Rehan , HR & Admin. Consultant. , Near Range

Compensation & Benefits

 

Pay is one elements of the compensation package

 

Benefits it's vary from company to another such as Medical insurance  , Life insurance

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