Mobile Strip

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. 

 

cookie image

By clicking “Accept", you consent to our website's use of cookies to give you the most relevant experience by remembering your preferences and repeat visits. You may visit "cookie policy” to know more about cookies we use.