Renumeration is a term that refers to the payment or compensation that is provided to an individual in exchange for their work or services. Renumeration can take a variety of forms, including wages, salaries, bonuses, benefits, and other forms of compensation. The amount and type of renumeration that an individual receives will depend on a variety of factors, such as their job duties, the market rate for their skills and expertise, and the financial resources of their employer.