Compensation And Benefits Terminology

verb to pay someone for services rendered or work done

• The company promised to remunerate their employees fairly for their hard work.
• I hope they remunerate us well for the overtime we put in.
• I'm gonna need them to remunerate me big time for this gig.
• Kindness and gratitude are forms of remuneration that money can't buy.

noun LTIP (Long-Term Incentive Plan) is a type of compensation plan that rewards employees based on performance over an extended period of time.

• The company's long-term incentive plan (LTIP) is designed to reward employees for achieving key performance goals over a multi-year period.
• If you hit your targets, you could earn a nice bonus through the LTIP.
• The LTIP is like a jackpot waiting to be won if you meet your objectives.
• The LTIP is the pot of gold at the end of the rainbow for dedicated employees.