Remuneration (recover)

Remuneration can be defined in your own word as reward you get after you have been working for someone, salary/wage will be the most common remuneration. How much you for your remuneration can be varied from your experiences and skills, time constraints, amount of works and other costs.

With a fixed weekly wage, employees will just do as they told to do. To let employees to have more motivation to work harder, that’s where remuneration reward applied on. Beside Monetary, extra payment for overtime work or good achievement, there is also few type of non- monetary remuneration. 1. “Saying thanks/thank you”, this is simplest reward but it’s also the most important and highly valued; 2. Public recognition, thanking an employee for their contribution to a project or good achievement; 3.Symbolic reward, like a certificate or a high mark as in competition; 4.Relatively inexpensive award, bottle of wine, box of chocolate or coupon vouchers; 5.High cost award, can be oversea trip or holiday package, etc…

For our UT3 modeling project, our remuneration would be around $20,000 to $25,000 since we are still exploring as junior designer. And the non- monetary remunerations we are getting from this project are new knowledge, new skills, and experiences on both individual modeling and team collaboration.

reference:
http://findarticles.com/p/articles/mi_qn5305/is_20041004/ai_n24914613