HR Glossary  >   Total Remuneration

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.

Modify your HR and payroll tasks with factoHR today

Let your HR and workforce focus on most important business decisions while factoHR can reduce the burden of daily activities of the organization.

Request Free Trial