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Remuneration is the total compensation that an
employeeEmployment is a contract between two parties, one being the employer and the other being the employee. An employee may be defined as:- Employee :...
receives in exchange for the service they perform for their employer. Typically, this consists of monetary rewards, also referred to as
wageA wage is a compensation, usually financial, received by workers in exchange for their labor.Compensation in terms of wages is given to workers and compensation in terms of salary is given to employees...
or
salaryA salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis....
. A number of complementary
benefitsEmployee benefits and benefits in kind are various non-wage compensations provided to employees in addition to their normal wages or salaries...
, however, are increasingly popular remuneration mechanisms.
Types
Remuneration can include:
- Commission
The payment of commission as remuneration for services rendered or products sold is a common way to reward sales people. Payments often will be calculated on the basis of a percentage of the goods sold...
- Compensation
- Executive compensation
- Deferred compensation
Deferred compensation is an arrangement in which a portion of an employee's income is paid out at a date after which that income is actually earned. Examples of deferred compensation include pensions, retirement plans, and stock options...
- Compensation methods
Compensation methods , Pricing models and business models used for the different types of internet marketing, including affiliate marketing, contextual advertising, search engine marketing and display advertising.-Predominant compensation methods in affiliate marketing:The following models...
(in online advertisingOnline advertising is a form of promotion that uses the Internet and World Wide Web to deliver marketing messages to attract customers. Examples of online advertising include contextual ads on search engine results pages, banner ads, blogs, Rich Media Ads, Social network advertising, interstitial...
and internet marketingInternet marketing, also known as digital marketing, web marketing, online marketing, search marketing or e-marketing, is referred to as the marketing of products or services over the Internet...
)
- Employee stock option
An employee stock option is a call option on the common stock of a company, issued as a form of non-cash compensation. Restrictions on the option attempt to align the holder's interest with those of the business shareholders. If the company's stock rises, holders of options generally experience a...
- Fringe benefit
- Salary
A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis....
- Performance Linked Incentives
A Performance Linked Incentive is a form of payment from an employer to an employee, which is directly related to the performance output of an employee and which may be specified in an employment contract...
- Wage
A wage is a compensation, usually financial, received by workers in exchange for their labor.Compensation in terms of wages is given to workers and compensation in terms of salary is given to employees...