Emolument

An emolument refers to any form of compensation received for employment or for the performance of a service, typically in a salaried position. This encompasses not only a base salary or wage but also any additional benefits such as bonuses, commissions, stock options, pensions, insurance coverage, and expense reimbursements. It represents the total financial return, or the aggregate benefits, derived from one's work or service. Understanding an emolument is crucial for evaluating the overall value of a job offer and assessing one's financial wellbeing related to a position. It is a broad term and can describe a monetary value, or itemized value.

Emolument meaning with examples

• The professor's emoluments included a competitive salary, comprehensive health insurance, a generous retirement plan, and opportunities for research grants. These various elements were carefully considered during the negotiation of her employment contract, emphasizing the total compensation package rather than just the base salary. This comprehensive package provided stability.
• As CEO, her emoluments were publicly reported and included her annual salary, stock options, and performance-based bonuses. The board of directors carefully reviewed the emoluments, ensuring they were aligned with the company's financial performance and industry standards, managing stakeholder expectations. The total sum made her a very wealthy person.
• The sales representative's emoluments varied significantly each month, depending on the commission earned from successful sales. While the base salary was modest, the commission-based aspect of the emoluments provided the potential for substantial earnings. This variable nature of the emoluments added a degree of uncertainty to his income, but also the potential of huge returns.
• The company's offer included a detailed breakdown of the emoluments, highlighting the value of each benefit, in addition to the base salary. Understanding the complete emoluments allowed the candidate to assess the job's overall financial attractiveness and make an informed decision about accepting the position. This complete picture allows for an informed choice.