remuneration policy

noun
UK /rɪˌmjuːnəˈreɪʃən ˈpɒləsi/
US /rɪˌmjuːnəˈreɪʃən ˈpɑːləsi/

A set of rules about how people get paid for their work.

The company's remuneration policy explains how bonuses are given.

SYNONYMS

pay policycompensation policysalary policypayment rules

RELATED WORDS

salarywagesbonuscompensationpayroll

OTHER MEANINGS

2. A company's official plan for rewarding its top bosses.

Shareholders voted on the new executive remuneration policy.

3. The guidelines a government uses to set pay for public workers.

The public-sector remuneration policy was updated this year.

4. A written statement describing how employees are compensated.

New hires must read the remuneration policy during training.