ENTREPRENEURSHIP

Detailed explanation-1: -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-2: -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.

Detailed explanation-3: -Base pay is just one part of your employees’ total compensation and defined as the initial pay received by an employee before taxes and other deductions. Bonuses, overtime, tips, commissions, and other types of compensation mentioned above are not part of base pay but come under total compensation.