HOME

TheInfoList




Remuneration is the pay or other
financial compensation Financial compensation refers to the act of providing a person with money Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or so ...
provided in exchange for an
employee Employment is the relationship between two party (law), parties, usually based on a employment contract, contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or ot ...

employee
's ''services performed'' (not to be confused with giving (away), or donating, or the act of providing to). A number of complementary
benefits Benefit or benefits may refer to: Perks and social welfare * Benefit (social welfare), provided by a social welfare program ** Federal benefits, provided by the United States federal government * Credit card#Benefits and drawbacks, Credit card, an ...
in addition to pay are increasingly popular remuneration mechanisms. Remuneration is one component of
reward management Reward management is concerned with the formulation and implementation of strategies and policies that aim to reward people fairly, equitably and consistently in accordance with their value to the organization. Reward management consists of analysi ...
. 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: *
Commission 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 another ...
*
Compensation methods Compensation methods (remuneration), are pricing models and business models used for the different types of Internet marketing, including affiliate marketing, contextual advertising, search engine marketing (including vertical comparison shopping s ...
in
online advertising Online advertising, also known as online marketing, Internet advertising, digital advertising or web advertising, is a form of marketing Marketing is the process of intentionally stimulating demand for and purchases of goods and servi ...
and
internet marketing The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a ''internetworking, network of networks'' that consist ...
*
Employee benefits Employee benefits and (especially in British English British English (BrE) is the standard dialect A standard language (also standard variety, standard dialect, and standard) is a language variety that has undergone substantial codifi ...
*
Employee stock ownership Employee stock ownership, or employee share ownership, is where a company A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a m ...
*
Executive compensation Executive compensation is composed of both the financial compensation Financial compensation refers to the act of providing a person with money or other things of economic value in exchange for their goods, Work (human activity), labor, or to provi ...
**
Deferred compensation Deferred compensation is an arrangement in which a portion of an employee's income In microeconomics Microeconomics is a branch of mainstream economics Mainstream economics is the body of knowledge, theories, and models of economics, as ...
*
Salary A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract An employment contract or contract of employment is a kind of contract A contract is a legally binding agreement that def ...
**
Performance-linked incentivesA performance-linked incentive (PLI) is a form of payment from an employer Employment is a relationship between two parties, usually based on contract A contract is a legally binding document between at least two parties that defines and gove ...
*
Wage A wage is the distribution from an employer Employment is the relationship between two party (law), parties, usually based on a employment contract, contract where work is paid for, where one party, which may be a corporation, for profi ...

Wage


United States

For wage
withholding Tax withholding, also known as tax retention, Pay-as-You-Go, Pay-as-You-Earn, or a ''Prélèvement à la source'', is income tax An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by th ...
purposes under
U.S. income tax Income taxes in the United States are imposed by the federal government A federation (also known as a federal state) is a political entity A polity is an identifiable political entity—any group of people who have a collective identit ...
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 servantThe faithless servant doctrine is a Legal doctrine, doctrine under the laws of a number of states in the United States, and most notably Law of New York (state), New York State law, pursuant to which employees who act unfaithfully towards their emplo ...
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.


Misspelling

The word "remuneration" is occasionally misspelled as "renumeration", which means counting or re-counting.


References


External links

* *{{wiktionary-inline, emolument