Differences Between Superannuation And Retirement - Important

Differences between Superannuation and Retirement



By Superannuation is meant the act of getting relived from service on attaining a specified age which is prefixed, say, 58 years of age. On the other hand, Retirement is also an act of relieving from service but not necessarily be due to attaining a prefixed age and shall include Voluntary Retirement or even Compulsory Retirement. Though superannuation is also retirement, the latter need not be superannuation.



Difference between mediation and Conciliation.





The main difference btw both is that in Mediation the mediator's job is just to facilitate the parties and not to take an active part in the dispute resolution, he can't even suggest the common ground out of his own to the parties but his job is to provide healthy and friendly environment to the parties to reach a common ground.

However in Conciliation, the conciliator most of the times used to be an expert and he takes an active participation in the matter and can give opinion and suggestions to the respective parties helping them to reach a common ground.Though both lacks binding authority in them.





Difference between Salary & Wages?



Salary is related is those who do the mental work and wages related to those who do the physical work and moreover salary related to higher class post and wages related to lower class people within the organisation.

Salary is the monitory benefit for the managerial grade and issued on a monthly basis (mostly) This does not indicate the number of hours worked in specific. Those employees who are in the payroll of the company are entitled forsalary.



Wages are monitory and applicable for the labour workforce. This purely is based on the number of days worked, hours of work, quantity of workload, etc.... these employees may not be in the payroll.....may be part time employees, contracts etc.....





Differences btw Grievance, Disputes and Conflicts



Grievances means the complaints, problem expressed by concern person or group of people....which could have immed resolutions....many times.

If Grievances are not solved for longer time then it may results in Disputes as both parties will have their own say & difference of opinion....

Conflicts can be a larger picture of all this background








Difference between Casual Leave and Privilege Leave

There are various types of leaves. First is Earned Leave OR Privilege Leave. The object of earned leave/privilege leave is that an employee should have rest or recuperation from time to time for short spells.

There is another type of leave which is called Casual Leave. The object of this leave is to enable an employee to attend some urgent or unforseen contingencies

Difference between Dismiss, Discharge and Termination of employees.

Discharge: job separation from services by employer for physical, mental or continues ill health of employee.

Dismiss: Job separation from services by employer for misconduct of employee.

Termination: Job separation from services by employer or employee under some terms & condition.

Difference between Working days & Present days

Working days means all working days excluding all weekly and public holidays.

Present days means the no. of day’s employee has attended the office out of no. of working days.

E.g in a company which is 5 days a week 22 is working days. If employees suppose X takes a leave of 1 day then present days of X will be 21 days.

Hello Ganesh,

Thanks especially for providing a clear idea regarding the difference between 'Superannuation' and 'Retirement'. Keep it up.

R.K. Rada

Dear all,

The post is a good one, no doubt. Try to post it under the right section so that interested viewers and beneficiaries will be more.

Regards,
Dipil Kumar V

Thank you. It's really great.

Please tell us the difference between Personnel Dept. and HR Dept., Recruitment and Selection, Medical Leave and Sick Leave, Contract Workers and Casual Workers.

Hi Vichitra,

The main difference between the personnel department and the HR department is that the personnel department is responsible for all management issues, such as official building-related legal matters and decisions related to them. The HR department is primarily concerned with employees' queries and their welfare.

Contract laborers are those engaged in the organization under a contract with a contractor, while casual workers are those engaged with the organization for a short-term period without any contract.

Thanks & Regards,
Sunil Sharma

Thank you.

These are the little things that we never pay heed to and are not able to differentiate correctly when required.

Dear sir,

You are in the wrong area. This forum is only for EHS professionals. Please take a look before posting.

Thanks & Besafe,
Raghu

Mr. Ganesh,

Good to have such discussion. But please note the following: Only when a feeling of dissatisfaction is expressed in writing does it constitute a grievance. This point is missed out in your explanation.

Salary Vs Wages: Salary is for employees, and wages are for workers. Many legal pronouncements support this simple explanation of the difference between salary and wages.

Your explanation of mental and physical work may not always be relevant. A salaried person is expected to do both physical and mental work, and vice versa.

Thanks,
Dr. Sureshkumar