Remuneration and incentives: Whats the difference?
A. Remuneration, by definition, is the act of paying someone for a service. An incentive, on the other hand, is something that incites or has a tendency to incite someone to action. Ideally, employees and distribution partners (brokers, wholesalers, dealers, etc.) should be offered both … a salary/benefits package that adequately compensates individuals for the work they do and a line-up of incentives that recognizes and rewards their above-average performance or a special achievement.
