Remunerate

Remunerate is a verb meaning to pay or reward someone for services rendered or work performed. Its noun form remuneration refers to the payment or compensation received for employment or other services. The term is commonly used in formal contexts such as contracts and financial reporting. Etymology: from Old French remunerer, from Latin remunerare, "to repay" (re- meaning back, munus meaning duty or service).

Usage varies by jurisdiction. In many Commonwealth countries, remuneration is a formal term favored in contracts and governance, while in the United States compensation or pay is more common in everyday language. Remuneration can include cash wages, salaries, bonuses, and non-cash benefits, depending on the contract or policy. Although sometimes used interchangeably with wages or salary, remuneration emphasizes the total value provided by the employer.

Remuneration is typically subject to taxation and payroll deductions. Employment or contract terms specify payment dates, currency, and methods. In corporate contexts, remuneration committees may set compensation for executives, sometimes linking pay to performance or risk metrics. Legal frameworks may govern minimum wage, overtime, and benefit provisions that affect overall remuneration.

Overall, remuneration is a neutral, formal term used to describe the overall compensation provided for services, encompassing cash and non-cash elements as defined by contracts or law.