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Total Remuneration

What is Total Remuneration?

A complete package that an employer sets in place for an employee in return for his/her contribution to the company is called total remuneration. It includes the basic salary, hourly wages, incentives, bonuses, pension plans, commission, or any other non-monetary benefits as well. Generally, salary and remuneration are often interchangeably used. But then, the difference is that salary includes only the flat basic salary, while remuneration includes salary or financial payment and non-financial payments as well.

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