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Remuneration

Synonyms

Definition

Remuneration refers to the payment or compensation that someone receives in exchange for their work or services. It encompasses all forms of financial rewards, such as salaries, wages, bonuses, commissions, or any other type of payment that individuals earn for their efforts. When you’re employed, your monthly salary or hourly wage can be considered remuneration. It’s the money you receive for the work you do. In addition to the base pay, remuneration can also include other benefits like health insurance, retirement plans, or paid time off. The term remuneration is often used in the context of employment contracts and negotiations. It helps define the terms and conditions of payment for a particular job or position. Employers and employees discuss remuneration to ensure that it is fair and commensurate with the work being performed.

Example sentences

The company offers competitive remuneration packages to attract top talent.

She negotiated a higher remuneration for her new role based on her experience and skills.

The remuneration for overtime work should be clearly outlined in the employment contract.

The remuneration committee reviews and approves executive compensation packages.

The organization believes in providing equitable remuneration for all employees, regardless of gender.

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Remuneration

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