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Remuneration

From Wikipedia, the free encyclopedia
Compensation that one receives in exchange for the work or services performed
"Emoluments" redirects here. For provisions in the United States Constitution, seeEmoluments Clause (disambiguation).

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).

Types

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Remuneration can include:

United States

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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]

See also

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References

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  1. ^remuneration – WordReference.com Dictionary of English
  2. ^See generally subsection (a) of26 U.S.C. § 3401.
  3. ^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.
  4. ^Annual Institute on Employment Law. Vol. 2. Practising Law Institute. 2004 – via Google Books.
  5. ^New York Jurisprudence 2d. Vol. 52. West Group. 2009 – via Google Books.
  6. ^Labor Cases. Vol. 158. Commerce Clearing House. 2009 – via Google Books.
  7. ^Ellie Kaufman (May 19, 2018)."Met Opera sues former conductor for $5.8 million over sexual misconduct allegations".CNN.

External links

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  • The dictionary definition ofremuneration at Wiktionary
  • The dictionary definition ofemolument at Wiktionary
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