remuneration

Remuneration refers to the total compensation or payment an individual receives for their work or services. It can include a salary or wages, bonuses, benefits, and other perks. Essentially, it’s the way employers reward employees for their contribution, reflecting the value of their work. Remuneration can be structured in various ways, such as fixed pay, performance-based incentives, or additional benefits like health insurance. It plays a key role in motivating employees and ensuring they are fairly compensated for their skills, effort, and time.