Definition
Remuneration refers to payment or compensation given to an individual in exchange for their work, services rendered, or time spent on a particular job or project. It can take various forms such as wages, salaries, bonuses, commissions, or other financial benefits.
Pronunciation
US English
UK English
Part of Speech
Noun
Synonyms
compensation, payment, salary, wage, stipend, emolument, reward, recompense, earnings, income, allowance, fee, honorarium, gratuity, bonus, commission
Antonyms
Debt, penalty, punishment, expenditure, liability, loss, fine, forfeit, disadvantage, cost, outflow, sacrifice
Word Forms
| Part of Speech | Words |
|---|---|
| Noun | remunerator, remuneration, remunerations, remunerators |
| Verb | remunerate, remunerates, remunerating, remunerated |
| Adjective | remunerative |
| Adverb | None |
Example Sentences
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The company offered him a competitive remuneration package that included a generous salary, bonuses, and benefits.
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The employees were dissatisfied with the low remuneration they were receiving for their skilled work and decided to go on strike.
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The consultant’s remuneration for his expert advice on the project was a percentage of the profit made by the company.
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The artists demanded fair remuneration for their creative work, as they felt undervalued and underpaid by their clients.
Usage
Remuneration is a commonly used term in the field of business and human resources. It refers to the compensation or payment made to an employee for their work or services. Some common synonyms of remuneration include salary, wage, pay, compensation, and monetary reward.
The word ‘remuneration’ comes from the Latin word ‘remuneratio’, which means “to repay, reward, or compensate.” It is often used in the context of the employment contract, where both the employer and employee agree on the remuneration package, consisting of the employee’s salary, bonuses, and other benefits.
Several variations of the word ‘remuneration’ exist, such as ‘remunerate’, which is a verb form that means “to reward or compensate someone for their work or services.” The prefix ’re-’ means ‘again’ or ‘back’, while the root word ‘muner’ means ‘gift.’ Hence, the use of the word ‘remuneration’ suggests that the employee is being compensated or rewarded for their work or services in a fair and just manner.
The use of remuneration can also be found in legal agreements related to employee compensation. The term is used to set out the terms of payment and compensation between employer and employee or in the context of other commercial contracts. In the context of legal documents, the term is normally accompanied by additional language that reinforces its contractual force, such as “for value received” and “in consideration of the services and performance of the employee” etc.
Overall, remuneration is an essential component of employment contracts and employee satisfaction, and it can significantly impact how employees perceive their value and worth to their employers. As an assistant I recommend that employees ensure that the remuneration they receive fairly reflects their skills, experience, and dedication.