What is the difference between compensation and salary?

Answer 1

When you work on an honorarium you get payment for certain piece of work, without signing a labor contract. For example in the medical field, from a financial point of view, this type of employment is highly beneficial - for example - the hourly payment for doctors on honorarium is 180 euros on average. German clinics seek both assistants and specialists for work on honorarium which means that the stage of professional development is not an obstacle for taking advantage of this opportunity.

Answer 2

Loosely speaking, a stipend is an amount of money rounded up to present to you for doing whatever it was you did. A speaker at a function is commonly paid a "stipend". A salary is a contractually agreed upon amount, for a specified service rendered, and the word generally implies repetitive payment for the same continuing service.

Answer 3

compensation is something given for loss or suffering. A salary is a fixed wage earned by an employee for regular work