What is Total Remuneration?
Total remuneration refers to a total sum of an employee’s annual compensation package, including both basic pay aka salary and financial (pension plans, bonuses, incentive) and non-financial benefits (gym membership, access to counseling services).
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What is remuneration?
Remuneration refers to reward for employment in the form of pay, salary or wage including allowances, benefits such as medical plan, pension plan, bonuses, cash incentives etc.
Total remuneration definition
Total remuneration refers to a total sum of an employee’s annual compensation package, including both basic pay aka salary and financial (pension plans, bonuses, incentive) and non-financial benefits (gym membership, access to counseling services).
