Definition: Remuneration in kind


Remuneration in kind consists of goods and services that are not necessary for work and can be used by employees in their own time, and at their own discretion, for the satisfaction of their own needs or wants or those of other members of their households.

Remuneration in kind occurs when an employee accepts payment in the form of goods and services instead of money.

This definition is used both in SNA 1993 (§ 7.39) and in SNA 2008 (§ 3.80 and 7.50).
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009

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