Remuneration is the compensation that one receives in exchange for the work or services performed. Typically, this consists of monetary rewards, also referred to as wage or salary. A number of complementary benefits, however, are increasingly popular remuneration mechanisms. Remuneration is one component of reward management.
Remuneration can include:
The word "remuneration" is often misspelled as "renumeration", which simply means counting or re-counting.