Remunerative work is work that you are paid for. [formal] A doctor advised her to seek remunerative employment. Synonyms: profitable, lucrative, paying, gainful More Synonyms of remunerative.
What is an example of remuneration?
Examples of financial remuneration include salary, hourly pay, and bonuses. Non-financial remuneration includes health insurance and paid sick leave.
Is remuneration the same as salary?
Is Remuneration The Same As Salary? No. Remuneration is a broader term which encompasses monetary and non-monetary compensation for services. Salary is a monetary payment for a fixed period, usually a month or year.
What is a non remunerative position?
Non-remunerative work is a kind of work which is non-profitable in terms of money, i.e. one does not receive money from whatever he/she doing.In such cases, person works for free, may be to gain experience. examples include voluntary work, charity work.
What are the three types of remuneration?
Salary, which is defined as a set sum of pay for a period of one year. Hourly, which is defined by a currency amount that’s paid per hour of work. Commission, which is a payment method that’s based on the work performance of the employee.
Does remuneration mean salary?
Remuneration is the total compensation paid to the employees for their services. In addition to the basic salary, it includes benefits like commissions, bonuses, overtime pays, and other financial compensation paid by the employers to their personnel. Perks may or may not be a component of the employees’ compensation.
What is the main purpose of remuneration?
Remuneration is one of the most important Human Resource Management functions that forms part of the employment relationship. It creates the foundation of the relationship as the employee “sells” their services to the employer, and in return, the employer “pays” them for their services/output.
What’s meant by remuneration?
/rɪˌmjuː.nəˈreɪ.ʃən/ payment for work or services: They demanded adequate remuneration for their work. In return for some caretaking duties, we are offering a free apartment and a small remuneration. a remuneration package.
What does full remuneration mean?
Total remuneration is a comprehensive term that encompasses an employee’s base salary, bonuses, commissions, stock options, and other benefits. It can also include payments made to the employee in the form of severance, vacation time, and sick leave.
How do you calculate remuneration?
Some other factors that employers consider while determining your salary are:
- Skill. Your salary is directly proportional to how much skill you bring to the job.
- Experience. Pay packets are also influenced by years of experience in the industry.
- Education.
- Management experience.
- Inflation.
What does renumeration mean?
remuneration \rih-myoo-nuh-RAY-shun\ noun. : the act or fact of paying an equivalent to for a service, loss, or expense : recompense, pay.
What’s meant by remuneration?
/rɪˌmjuː.nəˈreɪ.ʃən/ payment for work or services: They demanded adequate remuneration for their work. In return for some caretaking duties, we are offering a free apartment and a small remuneration. a remuneration package.
How many types of remuneration do we have?
Although there are a number of specific forms available, there are basically two major types of remuneration, which include direct and indirect.