Definition

Noun 1. Payment, compensation, or reward received for work, services, or losses: The act of paying someone for their work or services, or compensating them for a loss. It refers to the total compensation an employee or contractor receives. 2. The money or other form of payment itself: The specific sum of money or other benefits given as payment for work or services rendered.

Usage

Remuneration is a formal term used in business, legal, and professional contexts to refer to payment for employment or services. It encompasses not only salary or wages but can also include bonuses, commissions, and other benefits. It is often used when discussing compensation packages, contracts, and labor rights.

Examples

• The contract clearly outlines the remuneration for the consulting project.
• The company offers a competitive remuneration package that includes health insurance and a retirement plan.
• The committee discussed the issue of fair remuneration for artists.
• His remuneration is based on his performance and sales results.

Advanced Usage

• Deferred remuneration: Compensation that is paid at a later date, such as stock options or a pension.
  • Part of his executive remuneration package includes deferred stock options.
• Non-monetary remuneration: Compensation that is not in the form of money, such as company housing, a car, or other benefits in kind.
  • The position's remuneration includes non-monetary benefits like a housing allowance.

Variants and Related Words

• Remunerate (verb): To pay someone for services rendered or work done.
  • The firm will remunerate you for your travel expenses.
• Remunerative (adjective): Financially rewarding; profitable.
  • She found a more remunerative position in the private sector.

Synonyms

• Compensation: Payment or reward, especially for work.
• Payment: The act of paying or the amount paid.
• Earnings: Money obtained in return for labor or services.
• Wages/Salary: Regular payment for employment.
• Recompense: Reward or payment for effort, work, or a loss.

Antonyms

• Penalty: A punishment imposed for breaking a rule or contract.
• Forfeiture: The loss or giving up of something as a penalty.

Related Phrases

• Level of remuneration: Refers to the amount or standard of pay.
  • The level of remuneration is commensurate with experience.
• Method of remuneration: Refers to how payment is made (e.g., hourly, salary, commission).
  • The method of remuneration for this role is a fixed annual salary.

Noun

1. the act of paying for goods or services or to recompense for losses
   • adequate remuneration for his work
2. something that remunerates
   • wages were paid by check
   • he wasted his pay on drink
   • they saved a quarter of all their earnings