Total Remuneration

Total remuneration is the sum of an employee’s annual compensation package including basic salary, incentives, commissions, and all financial and non-financial benefits. Total remuneration is taxable income and thus the employer must withhold income taxes and other payroll taxes. Total Remuneration includes;

  • Basic Salary
  • Incentives
  • Bonuses
  • Stock options
  • Pension plans
  • Financial benefits
  • Non-financial benefits

There are two types of remuneration; direct and indirect. Direct remuneration includes financial benefits and indirect remuneration includes non-financial benefits such as insurance, child care assistance, educational opportunities, etc. 

 

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