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difference between payroll and compensation
Human Resources » Training & Education

Chrm Message From: kpt_81818 Total Posts: 11 Join Date: 29/12/2009
Rank: Executive Post Date: 12/03/2010 11:34:24 Points: 55 Location: India

Hello friends,

Can anyone guide me for difference between payroll and compensation.?

Its very urgent.



Chrm Message From: gopud5961 Total Posts: 9 Join Date: 29/12/2009  
Rank: Beginner Post Date: 12/03/2010 13:48:52 Points: 45 Location: India

All the elements that have become a part of CTC need not reflect in Payroll. One example is Insurance premium for the medical facility for the employees and dependants. CTC reflects the cost being incurred by the company for the employee. Payroll reflects the salary that is being given to the employee. To give further details in some companies the space cost is being included in the employee CTC. I presume this address your query.

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