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remuneration

noun

/rɪˌmyu nəˈreɪ ʃən/

IPA:

Dictionary definition of remuneration

The compensation or payment received in exchange for work, services, or employment.
"The company offered an attractive remuneration package to attract top talent."

Detailed meaning of remuneration

It is a noun that encompasses the financial or non-financial rewards provided to individuals as a result of their contributions or efforts. Remuneration is often associated with salaries, wages, bonuses, or commissions received by employees for their work. It can also include benefits such as healthcare coverage, retirement plans, or other forms of non-monetary compensation. The concept of remuneration acknowledges the value of an individual's skills, time, and expertise, and seeks to provide fair and equitable compensation in return. The amount of remuneration can vary depending on factors such as the nature of the job, the level of experience, market demand, and the overall performance of the individual or organization. Adequate remuneration is vital in attracting and retaining talent, motivating employees, and ensuring a mutually beneficial relationship between employers and workers.

Example sentences containing remuneration

1. She negotiated a higher remuneration for her new position.
2. The CEO's remuneration was under scrutiny due to its exorbitant amount.
3. The employees eagerly awaited their annual performance-based remuneration.
4. He felt dissatisfied with the remuneration for his demanding job.
5. The organization implemented a fair remuneration policy to promote employee satisfaction.
6. She received a generous remuneration for her consulting services.

History and etymology of remuneration

The noun 'remuneration' has its etymological roots in Latin. It originates from the Latin word 'remuneratio,' which is derived from 'remunerari,' meaning 'to reward' or 'to compensate.' This Latin term consists of 're,' indicating a return or back, and 'munus,' meaning 'service' or 'gift.' Therefore, 'remuneration' originally conveyed the idea of giving something back in return for a service or gift, essentially signifying compensation. As Latin influenced Middle English, 'remuneratio' transformed into 'remuneracioun,' and this term eventually became the modern English word 'remuneration.' The etymology of 'remuneration' accurately reflects the concept of compensation or payment received in exchange for work, services, or employment, emphasizing the act of rewarding or compensating for a task or service rendered.

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Further usage examples of remuneration

1. The union fought for better remuneration and improved working conditions.
2. The job advertisement highlighted competitive remuneration and benefits.
3. They were content with the remuneration they received for their freelance work.
4. The board of directors reviewed executive remuneration packages.
5. The remuneration structure included performance-based bonuses.
6. He believed that fair remuneration should be based on skill and experience.
7. The company adjusted its remuneration policies to align with industry standards.
8. The contractor invoiced the client for the completed project's remuneration.
9. Her remuneration for the project exceeded her expectations.
10. The company offers competitive remuneration packages.
11. Negotiating fair remuneration is crucial in job interviews.
12. They discussed the remuneration structure for the employees.
13. The CEO's remuneration package raised eyebrows.
14. Teachers often feel undervalued in terms of remuneration.
15. We need to review our remuneration policy for staff.
16. Executive remuneration is a contentious issue in many firms.
17. Skilled workers demand higher remuneration rates.
18. The remuneration for freelancers varies widely.
19. Employee performance can impact their remuneration.
20. The artist deserved better remuneration for her masterpiece.
21. She inquired about the remuneration for overtime work.
22. Negotiating fair remuneration can boost job satisfaction.
23. Bonuses are often a part of executive remuneration.
24. The union fought for better remuneration for its members.
25. Remuneration should reflect the value of one's contributions.
26. The athlete's remuneration includes endorsement deals.
27. The remuneration package includes health benefits.
28. Fair remuneration is essential for employee retention.