What is renumerate?

Renumerate refers to the act of compensating someone for their work or services. It is a financial agreement between an employer and an employee whereby the employer pays the employee a salary or wage for their work. Renumeration can take different forms, including base pay, bonuses, commissions, benefits, and other forms of compensation such as stock options or profit sharing. Renumeration should be commensurate with an employee's skills, abilities, education, and experience. It is an essential element of the employment relationship, and it helps to motivate employees, attract and retain talent, and improve productivity.