Remuneration is the compensation that one receives in exchange for the work or services performed. Typically, this consists of monetary rewards, also referred to as wage or salary
Time rate- Staff are paid for the numbers of items they sell.
Overtime- staff are paid extra for working beyond normal hours.
Commission-staff are paid for the number of items they sell.
Piece rate-staff are paid for the number of items produces.
Performance related pay- staff are paid based on the quality of their performance and productivity.
Profit sharing- staff receive a part of any profits made by the business.
Salary-staff are paid monthly no matter how many hours they work for.
Fringe benefits- payments in kind eg. company car or staff discounts.