Abstract
In this chapter the meaning of remuneration is first discussed. Is salary a prerequisite or a consequence of work? After discussing different compensation policies, this chapter turns to base pay and variable pay. It becomes clear that different understandings of leadership and organization are reflected in the respective compensation systems. Depending on the understanding, it is assumed that fixed and variable pay are of varying importance in terms of motivation, fairness, social dynamics and talent acquisition.
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Notes
- 1.
This value is not based on the basic remuneration but on the total remuneration including taxes and social security contributions. Nevertheless, this value should suffice as a rough guide.
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Trost, A. (2020). Remuneration. In: Human Resources Strategies. Future of Business and Finance. Springer, Cham. https://doi.org/10.1007/978-3-030-30592-5_9
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DOI: https://doi.org/10.1007/978-3-030-30592-5_9
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