Not many workers think of their paychecks as emolument, but they certainly could. Emolument is another way to describe the money you receive for working.
Pronounce emolument with a long e sound in the first syllable and the accent on the second: "e MALL you ment." Emolument traces back to the Latin word emolumentum, meaning "profit, gain," which is believed to have referred to payments made to millers for grinding corn — emolere means "grind out." Today, perhaps coincidentally, people refer to work as "the grind."