Remuneration

Remuneration

Remuneration

Compensation that one receives in exchange for the work or services performed


Remuneration is the pay or other financial compensation provided in exchange for an employee's services performed (not to be confused with giving (away), or donating, or the act of providing to).[1] A number of complementary benefits in addition to pay are increasingly popular remuneration mechanisms.[citation needed] Remuneration is one component of reward management. In the UK, it can also refer to the automatic division of profits attributable to members in a Limited Liability Partnership (LLP).

Types

Remuneration can include:

United States

For wage withholding purposes under U.S. income tax law, the term "wage" means remuneration (with certain exceptions) for services performed by an employee for an employer.[2]

Under the faithless servant doctrine, a doctrine under the laws of a number of states in the United States, and most notably New York State law, an employee who acts unfaithfully towards his or her employer must forfeit all remuneration received during the period of disloyalty.[3][4][5][6][7]


References

  1. See generally subsection (a) of 26 U.S.C. § 3401.
  2. Glynn, Timothy P.; Arnow-Richman, Rachel S.; Sullivan, Charles A. (2019). Employment Law: Private Ordering and Its Limitations. Wolters Kluwer Law & Business. ISBN 9781543801064 via Google Books.
  3. Annual Institute on Employment Law. Vol. 2. Practising Law Institute. 2004 via Google Books.
  4. New York Jurisprudence 2d. Vol. 52. West Group. 2009 via Google Books.
  5. Labor Cases. Vol. 158. Commerce Clearing House. 2009 via Google Books.
  • The dictionary definition of remuneration at Wiktionary
  • The dictionary definition of emolument at Wiktionary

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