About Pay Equity What are the components of remuneration?

The basic principle in law is that if the payment is a valuable consideration with respect to one’s employment, then it is included in the definition of remuneration. In the ILO Equal Remuneration Convention 1951, ‘remuneration’ is defined as including all elements of payment to employees for their work, including superannuation payments, discretionary payments, allowances, bonuses, commissions, performance or merit payments and non-cash benefits such as cars, loans, lap-top computers and mobile phones.

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