Relative humidity is the amount of water the air can hold at a given temperature. For example, an RH of 50% means that the air is holding 50% of the moisture it can possibly contain at that temperature. Once the RH gets over 100%, it rains.
The term remuneration in general means compensation or pay. The term pay is more commonly used that remuneration or compensation. Remuneration also has a broader meaning as base salary or pay plus bonuses, commissions, and other payments or benefits paid to an employee under the terms of a contract.
Many other items most would not consider a form of compensation or even consider being included in the rating basis for a workers comp policy. So for the purpose of workers compensation, payroll means money or substitutes for money. Workers Compensation policies will always refer to the term remuneration. Payroll, the most common item included in remuneration, is however not the only item. We have provided below a list of items that NCCI includes as payroll.