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Remuneration includes monetary rewards , fringe benefits , perks ,
recognition & promotions
Ethical Remuneration includes Need , Effort and Ability which alone does
not deserve rewards
Principle of Ethical Remuneration
Remuneration is not driven by employee¶s need , depends solely on results
Employees who work hard to perform a task need not be rewarded more
than those who do it effortlessly
A person who works hard but fails to achieve results , deserves no reward
but sympathy
Rewarding moral behavior irrespective of results achieved depreciates
long-term owner value
Ethical Remuneration- Seniority & Loyalty
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