Megaphone

It’s easy to switch. We’ll even set you up for free

Terms and Definitions

What is a Remuneration?

Updated: May 16, 2024

Remuneration definition and meaning

A remuneration is the total dollar amount paid to an employee. It can include a base salary plus any bonuses, commission payments, overtime pay, or other financial benefits an employee receives from their employer.

 

More about remuneration

Remuneration is always used to refer to the total of all compensation before tax. It also can, but does not always, include other cash and non-cash payments, such as tips or bonuses.

 

Other examples of remuneration include commission payments, retirement savings contributions, and can be other fringe benefits of financial value. Most of time, employers will use a payroll provider to make sure remuneration is distributed properly and that any taxable wages are accounted for.

Using remuneration in a sentence

“Remuneration for office holders never comes from membership funds.”

Terms related to: Remuneration

Articles and resources related to: Remuneration

    LET’S DO THIS

    It’s easy
    to get started

    Try OnPay out yourself to see how easy payroll and HR can be. To get started, just share a few basic details about your business. Our team of pros will set everything up and import your employees’ information for you.