Advertisement
Published in:
2017 | OriginalPaper | Chapter
14. Remuneration
Author : Alan Coppin
Published in: The Human Capital Imperative
Publisher: Springer International Publishing
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
Abstract
There are a number of ways in which pay, rewards and benefits are described in the corporate world. We have wages, pay and base pay; compensation (usually describes base pay plus bonuses); and total compensation, encompassing all forms of pay and benefits. To simplify things, a definition of ‘remuneration’ in WorldofWork (2014) is used: ‘the sum of the financial and non-financial value of an employee’s package (i.e. salary, incentives, benefits, perquisites, job satisfaction, organisational affiliation, status, etc.) and any other intrinsic or extrinsic rewards of the employment exchange that the employee values’.