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Definitions from the Web

Consolidated Remuneration

Definition:

Consolidated remuneration refers to a fixed salary or compensation package that combines various allowances, benefits, and bonuses into a single payment structure.

Examples:

1. As an alternative to separate wage components, many organizations prefer offering consolidated remuneration to their employees.
2. She negotiated a higher consolidated remuneration for her new job, which included housing allowance and performance-based bonuses.

Related Products:

For books related to compensation and benefits in the workplace, check out the following:

• Compensation Best Practices
• Employee Benefits: A Primer for Human Resource Professionals
• Performance Bonuses: Their Psychological and Organizational Effects