What is Total Remuneration
Total remuneration refers to the full amount of compensation an employee receives for their work. While remuneration generally refers to just the salary for the position, total remuneration encompasses not only the salary but any other benefits or bonuses.
Other benefits that count as part of total remuneration can include retirement plans, health insurance, a company car, and more. The amount of payment received for a position will depend on the type of role, the employee’s experience and skills, and the way the organization’s pay structure works. Companies can try to steal staff by offering them a better total remuneration package than that person’s current employer.