The role of remuneration in employee engagement and retention cannot be overemphasized. While salary is a critical component of remuneration, it is not always the most efficient way to compensate employees. Employers must look beyond salary and focus on benefits that add value to the employee. The benefits offered should amplify the employer's money, meaning that the perceived value to employees should be greater than the cost to the employer. This way, clever SMEs can pass on maximum returns to their employees without breaking the bank.

Remuneration plays a critical role in establishing trust with employees. Employees who feel undervalued will not trust their employer to make other critical business decisions. That is why it is essential to remunerate employees