Skip to main content

What does remuneration mean in HRM?

The word "remunerate" means to pay someone for the work or service he or she has offered.


By definition, Remuneration is a total compensation received by an employee from an employer in exchange to a job performed. It includes financial benefits like salary, wages, bonuses, commission and tips as well as nonfinancial benefits like holidays, on-site gym and free meals. The remuneration may vary from one employee to another depending on the type of the job and position as well as a company in which an employee is working. Some compensation like bonuses, commissions and other rewards are not necessarily being detailed in a contract, but a salary must be detailed.


You can also read;

Comments