Types of Remuneration
Types of Remuneration: Advantages, Disadvantages and Examples
Remuneration refers to the total compensation an individual will get for the services or work rendered. It covers all diverse forms of financial rewards, including commissions, salary, bonuses, employee benefits, etc. It entails both direct monetary compensation and indirect perks offered by employers as an acknowledgment of an employee’s contributions.
Table of Content
- Types of Remuneration
- I. Financial Compensation or Direct Remuneration
- II. Non-financial Compensation or Indirect Remuneration