Total remuneration refers to the total compensation package that an employee receives from an organization, including both monetary and non-monetary benefits. It is a comprehensive approach to compensation that takes into account all aspects of an employee's compensation, rather than just their base salary. Here are some key details about total remuneration:
Overall, total remuneration is a comprehensive approach to compensation that takes into account all aspects of an employee's compensation package. It can be customized to meet the needs of individual employees, and is designed to align with the organization's overall goals and values. By providing a competitive and comprehensive compensation package, organizations can attract and retain top talent, promote employee engagement and loyalty, and improve overall job satisfaction.
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