Remuneration

Remuneration

Show me the money! It’s usually the first thing on your mind when you refer to the word remuneration.

The definition found online. [1]

1.The act of remunerating.

2.Something, such as a payment, that remunerates.

The remunerations is payment of anything for the work done or the work intended, Which is argeed to by the parties involved. Considering this course we are not paid with money (which would be nice!) but we are rewarded with marks and knowledge as payment. The marks are deterimined by the organiser and we as students enrolled into the course agree to the terms of remuneration. The course marks are outlined as weekly presentation are 15% we do three over the whole course so 15 + 15 + 15% = 45% total, Fabrication Presentation 20%, Individual Blog weekly 35% [2]. And the knowledge acquired by attending the course lectures and meetings with tutors.

In the real working world people are generally paid with money as remuneration. A salary or wage is paid to the emplyee by the emplyer for the work they do. This form of payment is not the only way to be paid for work. If and when a contract is present the negotiation for an award or agreement can be offered as remuneration packages. The element that are not money such as superannuation, motor vehicles, school fees for children, salary sacrifice arrangements and the like, the primary objective is for the minimisation of income tax.[3]

The level or amount of remuneration is always considered by the knowledge and experience the employee possesses, this is also compaired to the standard of the industry. Therefore if you offer more and have the ablity to offer more skills then you will be paid accordingly, and with my remuneration its comes down to how much work I do and how well I’ve done it. To get the my remuneration.

References;

[1] http://education.yahoo.com/reference/dictionary/entry/remuneration

[2] http://www.russelllowe.com/arch1392/course_info/course_outline.html

[3]http://www.workplaceinfo.com.au/nocookie/subjects/PayandConditions/remuneration/articles/remuneration.htm