What is the difference between salary and reward?

Reward is a wide term to represent all the ways in which the employee is compensated for work and his role in society. This may include a number of rewards from money wages to sales commissions and performance bonuses, stock options, cost accounts and use of company assets such as aircraft, cars and housing. On the other hand, the salary is a reward sub -group and refers to a fixed payment for work or services that are regularly provided. The terms salary and reward are ancient links that can be traced back for hundreds of years in human society, and generally retained their original meanings over time. The date of salary is monitored back to the later Middle Ages around 1350 NL to 1400 NL and is derived from Latin Salaria , which literally meant "salts". While historical records are somewhat unclear in terms of the original meaning of the term, it is generally believed that Roman soldiers were sometimes paid by salt at that time as a form of salary, because it was an important comodity of the day.

Compensation for ordinary employees in the company is often referred to as wages, because these are cash payments that are usually deprived of additional benefits of employees that include remuneration. Employee incentives, such as performance bonuses and stocks, are usually focused on management or executive levels within companies and are a key part of the total remuneration paid to these employees. Higher level employees can also commonly receive marginal benefits that are another key aspect of reward. Tytozahrnemi as advantages as different types of health and life insurance, retirement and childcare as well as help in further education through teaching.

While many benefits of remuneration since 2011 are offered assessment and administration of employees in some corporations such as health insurance coverage, employees of the executive level often receive privialloy and higher levels of related compensation. These increased forms of payment are often enrolled in contracts and paid to executive employees, even if their performance level is poor and are finally terminated. Such forms of reward are often referred to as "golden parachutes", which are rich packages paid to managers that can include millions of dollars in bonuses, severance pay, stock options and others that can easily exceed their annual salaries.