Question

what are the difference between reward and compensation

Answer 1

Answer:

Compensation is paid in the form of money, salary, bonus, $$$, often performance-based. A reward is something you receive when you achieve something. ... A reward is usually displayed and proof of what you have achieved, whereas compensation is either spend, saved, or invested. Rewards often come with compensation, too.

Answer 2

Compensation is paid in the form of money, salary, bonus, $$$, often performance-based.

A reward is something you receive when you achieve something. It could be a certificate for best in class or the fastest, fittest, most beautiful, or similar.

A reward is usually displayed and proof of what you have achieved, whereas compensation is either spend, saved, or invested.

Rewards often come with compensation, too.