Compensation (Compensation). "Wages" (Wage). Refers to the amount of money workers receive compensation By your criteria, number of hours of work of workers. Because of pay, mainly defined for hourly paid workers, also known as Nonsupervisor or Blue-collar. "Salary" (Salary). Refers to the amount that the person is obtained as a reward for your work. To pay the rent on a monthly basis, and is considered to be income. We called White-collar or ProfessionalThe components of wages according to the new concept.Payroll management simplified, it is write an equation. Any of the following:Pay administration salary + benefits and = services + social compensation.
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