Legal Definition
‘remuneration’ means any payment in money or in kind, or both in money and in kind, made or owing to any person in return for that person working for any other person, including the State, and ‘remunerate’ has a corresponding meaning;
Practically, this means that remuneration includes all types of compensation for work performed, whether it’s in the form of wages, salary, benefits, or other types of payment. It applies to both monetary payments and non-monetary benefits, such as housing or goods.
Ensure that all forms of compensation you receive or provide are clearly defined and agreed upon in employment contracts. Understanding that remuneration includes both monetary and non-monetary payments helps in managing expectations and ensuring fair compensation practices.
The definition of ‘remuneration’ encompasses all types of compensation provided for work, covering both cash payments and benefits in kind. This broad definition ensures that various forms of employee compensation are recognized and regulated, supporting fair Labour practices and clear agreements between employers and employees.
Understanding what constitutes remuneration helps in ensuring compliance with employment laws and fair treatment in the workplace
What does this mean practically?
Practically, this means that remuneration includes all types of compensation for work performed, whether it’s in the form of wages, salary, benefits, or other types of payment. It applies to both monetary payments and non-monetary benefits, such as housing or goods.
Top tip from Labour Expert on the definition
Ensure that all forms of compensation you receive or provide are clearly defined and agreed upon in employment contracts. Understanding that remuneration includes both monetary and non-monetary payments helps in managing expectations and ensuring fair compensation practices.
Insights
The definition of ‘remuneration’ encompasses all types of compensation provided for work, covering both cash payments and benefits in kind. This broad definition ensures that various forms of employee compensation are recognized and regulated, supporting fair Labour practices and clear agreements between employers and employees.
Understanding what constitutes remuneration helps in ensuring compliance with employment laws and fair treatment in the workplace