Remuneration is the pay or other
financial compensation provided in exchange for an
employee
Employment is a relationship between two party (law), parties Regulation, regulating the provision of paid Labour (human activity), labour services. Usually based on a employment contract, contract, one party, the employer, which might be a cor ...
's ''services performed'' (not to be confused with giving (away), or donating, or the act of providing to). Remuneration is one component of
reward management. In the UK, it can also refer to the automatic division of profits attributable to members in a Limited Liability Partnership (LLP).
Types
Remuneration can include:
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Commission
In-Commission or commissioning may refer to:
Business and contracting
* Commission (remuneration), a form of payment to an agent for services rendered
** Commission (art), the purchase or the creation of a piece of art most often on behalf of anot ...
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Employee benefits
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Employee stock ownership
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Executive compensation
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Deferred compensation
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Salary
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Performance-linked incentives
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Wage
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Mandatory compensation payable by an employer to an employee for the benefit obtained from a patent for an invention made by an employee
United States
For wage
withholding
Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the ...
purposes under
U.S. income tax law, the term "wage" means remuneration (with certain exceptions) for services performed by an employee for an employer.
[''See generally'' subsection (a) of .]
Under the
faithless servant doctrine, a doctrine under the laws of a number of states in the United States, and most notably
New York State law, an employee who acts unfaithfully towards his or her employer must forfeit all remuneration received during the period of disloyalty.
References
External links
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