Remuneration consists of the rewards that employees receive from their work. Employees that work for modern companies and other major UK companies will receive a range of money based and other rewards ranging from discounts on company products, to subsidised company pension schemes. There are various ways of rewarding employees, including the following. 1. Basic pay for standard hours. An employee works to a set contract e.g. £x per hour for a 30 hour week, of a salary of £y per month. This scheme alone…

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