Meaning of the word remuneration in English

What does remuneration mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

remuneration

US /rɪˌmjuː.nəˈreɪ.ʃən/
UK /rɪˌmjuː.nərˈeɪ.ʃən/

Noun

money paid for work or a service

Example:
The consultant received a generous remuneration for his services.
Employee remuneration includes salary, bonuses, and benefits.