remuneration packages

Remuneration packages refer to the total compensation an employee receives for their work, including not only salary or wages but also additional benefits. These can include bonuses, health insurance, retirement contributions, paid leave, and other perks. The package is designed to attract, motivate, and retain employees by offering both immediate and long-term rewards. Understanding the full package helps employees see the true value of their compensation beyond just their paycheck, providing a comprehensive view of their overall earning and benefits for work performed.