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Friday, February 24, 2012 11:26:42 AM
Compensation for labor:
Compensation in terms of wages is given to workers and compensation in terms of salary is given to employees. Compensation is a monetary benefit given to employees in return for the services provided by them.
Reimbursement:
Reimbursement is act of compensating someone for an expense.[1] Often, a person is reimbursed for out-of-pocket expenses when the person incurs those expenses through employment or in an account of carrying out the duties for another party or member.
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