Remuneration can be a payment or reimbursement.
Retribution , originating from the Latin retributĭo , is a term that allows us to name the payment , stimulus , expenditure , reimbursement or gratification that a person receives for a certain task or action.
For example: "I'm interested in the job, but I would like to know what the remuneration is" , "If you agree to help me, you will be compensated" , "Next Saturday's cleaning day will be without remuneration" .
Labor compensation
In the field of employment and the economy , the idea of remuneration is associated with the money that a person receives for their work . Said money is given by the employer, which can be the State or a private company , in exchange for certain activities that the worker must carry out. It should be noted that the employer-employee relationship is regulated by an employment contract and by labor laws : remuneration, therefore, is framed in these regulations.
This means that a worker receives a remuneration that is agreed upon with his employer but that, in addition, is subject to certain legislative regulation. There are minimum wages that employers must respect, which means that a worker in a certain sector cannot earn less than what is stipulated by law .
This legal protection does not reach informal or black workers, who are not registered by the employer. That is why it is important that employees are always registered in the corresponding registers and that they can receive their blank remuneration.
Just as for a worker their remuneration is income, for employers the remuneration of their employees represents a cost or cost : they need to pay said remuneration to have production, which allows them to obtain their profits.
When a worker completes his task, he receives compensation.
Payment in products or services
When talking about remuneration we cannot only mention money, since there is also what is known as remuneration in kind or remuneration a la carte. This is a term used to refer to a type of remuneration that stands out for being flexible, since it consists of the employee receiving part of their salary in money and the other in services or products.
Among the main advantages that stand out from this type of remuneration we could highlight the following:
– It is considered to allow the employee to earn more money without the company having to spend more.
– It is believed that it allows him, therefore, to increase his total fluid.
– In its favor, the fact that it gives the possibility of benefiting from tax exemptions on some of the products that are given to you as part of your remuneration stands out.
In the same way, other aspects of this type of remuneration must be highlighted, such as these:
– It cannot represent more than 30% of the worker's salary.
– In terms of contributions, it must always be clear if it comes solely from what is the employer's own will or if it was included in the different collective agreements.
– Among the most common types of remuneration in kind are the following: computer and Internet connection, the transfer or delivery of the car, loans, medical insurance, daycare, restaurant tickets, transport tickets, company canteens, training courses...