Remunerations

Remunerations refer to the monetary compensation received for work or services provided. They encompass various forms of payment, including salaries, wages, bonuses, commissions, and benefits. These payments are typically based on the employee's position, performance, and the terms outlined in their employment contract. The purpose of remunerations is to incentivize employees, acknowledge their contributions, and ensure their financial well-being in exchange for their labor and expertise. Various factors, such as the cost of living, market rates, and company profitability, often influence the determination of fair and competitive remunerations.

Remunerations meaning with examples

• The company's generous remunerations package, including a competitive salary, performance-based bonuses, and comprehensive health insurance, attracted many skilled applicants to the open position.
• After successfully completing the project, the consultant received a substantial remuneration, reflecting the value of their expertise and the project's positive outcome. The client was very happy.
• The union negotiated improved remunerations, advocating for higher wages and better benefits to reflect the workers' increasing productivity and contributions to the company's profits, to great effect.
• During the annual salary review, employees discussed their current remunerations and proposed adjustments based on their performance evaluations and the rising cost of living with their managers.
• The CEO's high remunerations drew criticism from some stakeholders, who felt the compensation was excessive compared to the company's overall financial performance and employee salaries.