Week 9 - Remuneration

This is the payment or compensation received for services or employment. This includes the base salary, but also might include any bonuses or other benefits involving money being paid to an employee or executive during employment. Remuneration can also be non monetary, such as gifts or a promotion or even recognition within there organization.

This is especially seen in group work as it gives an incentive to each individual person to succeed and complete there set jobs as best as possible with in the group. That is the reason that it is important that the remuneration award is attractive to each person, which should also motivate and stimulate them and that it is well worth the extra work they will put in. To the employee, it is justified to them to perform at their best and produce the required work. This also gives the person more reason to complete the job, rather than just doing what is just required.

In group work such as ours, no monetary remuneration is awarded, but definitely non monetary remuneration was, and still is awarded, in the form of recognition. It was important to recognize each others work, and to commend and encourage each person’s achievements to help us finish the project in time, and more importantly to the best of our abilities.


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http://en.wikipedia.org/wiki/Remuneration