Summary

A Remuneration Package refers to the combination of salary and benefits and is indicative of the value of the employee’s performance to the organisation.

In addition to salary, other benefits in a Remuneration Package might include:

• Superannuation
• Medical insurance
• Vehicle

What's the difference between a remuneration package and a salary package?

The use of the term Remuneration as opposed to Salary is based on the idea that an employee’s value to the organisation derives from more than just how much money goes into their bank account every payday. An employee’s value or worth can be identified as cash salary and benefits awarded by the organisation in recognition of their contribution to business objectives and performance.