ENTREPRENEURSHIP

Detailed explanation-1: -Remuneration is the total compensation received by an employee. It includes not only base salary but any bonuses, commission payments, overtime pay, or other financial benefits that an employee receives from an employer.

Detailed explanation-2: -Remuneration is a term often used to refer to total cash compensation or total compensation. As noted above, total rewards would include total compensation as well as intangible benefits such as culture, leadership, recognition, workplace flexibility, development and career opportunity.

Detailed explanation-3: -Compensation of employees (CE) is a statistical term used in national accounts, balance of payments statistics and sometimes in corporate accounts as well. It refers basically to the total gross (pre-tax) wages paid by employers to employees for work done in an accounting period, such as a quarter or a year.

Detailed explanation-4: -Put simply, compensation covers people’s direct pay, their salary. Benefits cover employees’ indirect pay, things like health insurance and stock options but also social benefits such as parental leave.

Detailed explanation-5: -Your salary is called compensation because you are being compensated for being somewhere you’d rather not be, doing something you’d rather not do.