Remuneration is the pay or otherfinancial compensation provided in exchange for anemployee'sservices performed (not to be confused with giving (away), or donating, or the act of providing to).[1] Remuneration is one component ofreward management. In the UK, it can also refer to the automatic division of profits attributable to members in a Limited Liability Partnership (LLP).
Remuneration can include:
For wagewithholding purposes underU.S. income tax law, the term "wage" means remuneration (with certain exceptions) for services performed by an employee for an employer.[2]
Under thefaithless servant doctrine, a doctrine under the laws of a number of states in the United States, and most notablyNew 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]