What's the difference between remuneration and wage?

Remuneration


Definition:

  • (n.) The act of remunerating.
  • (n.) That which is given to remunerate; an equivalent given, as for services, loss, or sufferings.

Example Sentences:

  • (1) A key way of regaining public trust will be reforming the system of remuneration as agreed by the G20.
  • (2) An employee's career advancement, professional development, monetary remuneration and self-esteem often may depend upon the final outcome of the process.
  • (3) It will not be so low as to put off candidates from outside the corporation but will be substantially less than Thompson's £671,000 annual remuneration – in line with Patten's desire to clamp down on BBC executive pay, which he said had become a "toxic issue".
  • (4) Until this year, only 18 remuneration reports had received a protest vote greater than 50% in the 10 years since the vote on pay was introduced by the Labour government.
  • (5) Management criticised The PAC was also critical of the BBC senior management, saying non-executive directors on the executive board remuneration committee "failed to provide an effective check on severance pay for the BBC's most senior staff".
  • (6) He was paid close to £1m in 2008, according to ITV's annual report , but is likely to see his remuneration package drop to around £250,000 when he gives up executive chairman responsibilities and becomes non-executive chairman.
  • (7) Some 59.29 % had opposed the remuneration report, a rebellion only exceeded by one at Royal Bank of Scotland (RBS) at the height of the banking crisis, and surpassing the 59% that voted against the £6.8m pay deal for Sir Martin Sorrell at his advertising company WPP in 2012.
  • (8) It added: "While the voluntary code for remuneration consultants specifies that they should not cross-sell services, anecdotal evidence and interviewees the High Pay Commission met during this research suggest this practice is widespread."
  • (9) Belinda Lester, from the employment law firm CKFT, agreed: "If they have a bad year, it's very difficult to cut back salaries"; the second big plus from the bank's point of view is "if a significant part of your remuneration is a bonus, these contracts will make it very clear that bonus is only payable if you're not leaving.
  • (10) At the group's recent annual meeting, members endorsed the Myners plan but backed motions opposing the remuneration packages for executives.
  • (11) In WPP's 2010 annual report published in April, Jeffrey Rosen, chairman of the compensation committee, said: "Given the increased importance of digital strategy to the group and Mr Read's personal development, an increase to his remuneration was in order."
  • (12) The code makes clear that this resolution “prohibits paid advocacy”, but it does “not prevent a Member from holding a remunerated outside interest as a director, consultant, or adviser, or in any other capacity”.
  • (13) Trinity Mirror attempted to placate investors in April with a new pay deal for Bailey that reduced her remuneration by about £500,000, but that failed to satisfy some major shareholders.
  • (14) On the way to implementing this requirement, the following points must be taken into account: the measurability of the quality of medical care, establishment of the quality of structure, treatment and results, aids for the determination and documentation, remuneration, and the motivation for implementing quality control.
  • (15) Remuneration committees are approaching any increase in pay-outs with caution to ensure they accurately reflect performance and satisfy shareholders."
  • (16) Berkett, who has just been awarded a £100,000 increase in basic salary to £650,000 backdated to 1 April 2010, actually took a comparative 18% year-on-year cut to his total remuneration package.
  • (17) There was no mention of UKFI's opposition in the prepared statements in the annual report by Penny Hughes, the non-executive director who chairs the remuneration committee.
  • (18) "We will continue to reduce the number of senior managers and the senior managers paybill, and the executive remuneration committee will continue to review progress on a regular basis."
  • (19) The Premier League on Monday said that Scudamore had immediately informed the 20 clubs, McCormick and Bruce Buck, the Chelsea chairman who heads the audit and remuneration committee that will meet on Monday, in line with its policy.
  • (20) This article is based on a report published by the Northern Nurses' Federation (NNF) as background material for a conference on Nordic Nurses' Remuneration and Employment Conditions 22-24 October 1991, Denmark.

Wage


Definition:

  • (v. t.) To pledge; to hazard on the event of a contest; to stake; to bet, to lay; to wager; as, to wage a dollar.
  • (v. t.) To expose one's self to, as a risk; to incur, as a danger; to venture; to hazard.
  • (v. t.) To engage in, as a contest, as if by previous gage or pledge; to carry on, as a war.
  • (v. t.) To adventure, or lay out, for hire or reward; to hire out.
  • (v. t.) To put upon wages; to hire; to employ; to pay wages to.
  • (v. t.) To give security for the performance of.
  • (v. i.) To bind one's self; to engage.
  • (v. t.) That which is staked or ventured; that for which one incurs risk or danger; prize; gage.
  • (v. t.) That for which one labors; meed; reward; stipulated payment for service performed; hire; pay; compensation; -- at present generally used in the plural. See Wages.

Example Sentences:

  • (1) Wages for the population as a whole are £1,600 a year worse off than five years ago.
  • (2) The buses recently went up by 50p per journey, but my wages went up with national inflation which was pennies.
  • (3) The move would require some secondary legislation; higher fines for employers paying less than the minimum wage would require new primary legislation.
  • (4) Here's Dominic's full story: US unemployment rate drops to lowest level in six years as 288,000 jobs added Michael McKee (@mckonomy) BNP economists say jobless rate would have been 6.8% if not for drop in participation rate May 2, 2014 2.20pm BST ING's Rob Carnell is also struck by the "extraordinary weakness" of US wage growth .
  • (5) Although the unemployment rate is 4.8%, it can come down further without wage inflation starting to rise.
  • (6) "Due to much higher housing costs, one in seven of London's employees receives wages which are below the poverty threshold," says Mr Livingstone.
  • (7) But I hope 2015 will see the wage increases I expected to see this year.
  • (8) "While it seems possible that more will join the two MPC dissenters in coming months if wage growth picks up, it looks a long way to go before a majority on the MPC vote to raise interest rates," he said.
  • (9) Facebook Twitter Pinterest Columnist Jonathan Freedland and economics editor Larry Elliott discuss the late-night deal that the Greek prime minister Alexis Tsipras has agreed to When it comes to the now-abandoned Thessaloniki Programme, the radical manifesto on which Alexis Tsipras came to power, there is always talk of implementing it “from below”: that is, demanding so many workers’ rights inside the industries designated for privatisation that it becomes impossible; or implementing the minimum wage through wildcat strikes.
  • (10) In more than 30 years of elections, ruling parties have lost when real wages are falling and an opposition party only won once, in 1997, when real wages were rising.
  • (11) President Obama on Thursday proclaimed to be against endless wars, even as he announced that the US will continue to wage one.
  • (12) On his personal website, Miliband talks about the importance of the national minimum wage.
  • (13) For ambulance drivers, who earn significantly below the average UK wage, the figure is more than £1,800, the analysis found using the retail prices index (RPI) measure of inflation, which hit 2.5% in December .
  • (14) Bill Shorten has told the union royal commission he would “never be a party to issuing bogus invoices” as he rejected assertions that payments from employers to the Australia Workers’ Union created conflicts of interest during wage negotiations.
  • (15) Oregon’s governor on Wednesday signed trailblazing legislation that will raise the minimum wage to nearly $15 in six years, and do so through a three-tiered system that has not been tried anywhere else in the country.
  • (16) According to calculations by the Resolution Foundation, a couple with two children in which the husband works full-time and the wife works part-time on or just above minimum wage stand to lose a total of £720 a year by 2020.
  • (17) Around 70,000 people currently receive the minimum wage in Scotland.
  • (18) So we were proud in 1997 to put forward the case for Britain’s first minimum wage.
  • (19) Romanians making Polish wages go down.” Then he adds: “The Romanian, he not the worst.
  • (20) Port Vale are in deep financial trouble and their administrators will not let him pay half the player's wages.

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