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Remuneration

Meaning & Definition

Remuneration

Remuneration is the money and other types of compensation an employee or executive of a company receives for their work. It typically includes base salary or wages, bonuses, and commissions and sometimes excludes tips and reimbursement for expenses. Remuneration consists of the monetary and non-financial forms of compensation provided by an employer. In addition to the regular pay-in hourly wages or annual salary it consists of commissions, bonuses (including those paid in stock), and overtime, holiday, vacation, and sick pay.

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