What is the difference between Compensation and Salary?
Compensation is your total gross earnings (salary) plus your benefits and any other perks a company gives you that have some monetary value. Salary is your pay alone, figured annually, monthly, bi-weekly, hourly, or whatever. Some employers use these terms interchangeably. They may tell you that a job pays $50,000 a year salary plus competitive benefits, which is the same thing as your total compensation package.
