Engineering Salaries. on the Rise. In the 2012 Engineering Income and Salary Survey, conducted by the American Society of Mechanical Engineers (ASME) and the American Society of Civil Engineers (ASCE), we look at the state of salaries and the job market in the field of engineering.
Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction.
Remuneration is the compensation that one receives in exchange for the work or services performed; not to be confused with giving (away), or donating, or the act of providing to. A number of complementary benefits, however, are increasingly popular remuneration mechanisms. Remuneration is one component of reward management.