Flashcards
People in Business
Cards in this deck (13)
- 1Three types of training.On-the job
Off-the job
Induction - 2Wage/Salariesa fixed regular payment earned for work or services, typically paid on a daily or weekly basis.
- 34 pay methodsSalarie
Hourly
Piece rate
Commission - 4Hourly rateIndividuals on hourly pay are compensated for the hours they actually work at a predetermined rate per hour.
- 5CommissionCommission pay offers a certain percentage of every sale generated.
- 6Piece ratePayed on the amount of product you produce.
- 7Fringe benefitsan extra benefit supplementing an employee's money wage or salary, for example a company car, private health care, etc.
- 8Staff appraisalperiodical advisory and support discussion between staff members and management, which also reaches agreements about objectives and the achievement of targets
- 9MonetaryA way of motivating workers using money
- 10non-monetaryA non-monetary reward can consist of almost any material object such as jewelry, precious metals or an automobile for example
- 11Span of controlNumber of junior employees each manager is directly in charge of
- 12Flat structurebusiness with not many layers (small business)
- 13—
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- Flashcards on People in Business, created by sam deeley on 15/03/2017.
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- sam deeley
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