The formula 
is used to calculate the _____________.
Definitions:
Remuneration
Remuneration is the compensation or payment an individual receives for their labor or services, including wages, salaries, and bonuses.
Flexible Working Hours
A work arrangement that allows employees to choose their working times within pre-defined limits.
HRM Process
The continuous cycle of activities related to managing an organization's workforce, including recruitment, selection, training, evaluation, and compensation.
Organisational Mission
A statement or declaration that summarizes an organization's core purpose, goals, and values, guiding its strategies and decisions.
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