6491705
Description
Mind Map by Katie Start, updated more than 1 year ago
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Created by Katie Start
over 7 years ago
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Chapter 5
- Methods of calculating payments for labour:
- Timerate
- Timerate is based on payment for the
amount of time spent working.
- Timerate is based on payment for the
amount of time spent working.
- Overtime
- An overtime rate is a timerate that is paid for time
worked in excess of the normal contracted time.
- An overtime rate is a timerate that is paid for time
worked in excess of the normal contracted time.
- Piecework
- Piecework is payment based on the number of
items produced by the employee.
- Piecework is payment based on the number of
items produced by the employee.
- Bonus
- A bonus payment is an extra payment
paid to employees as a reward for
productivity.
- A bonus payment is an extra payment
paid to employees as a reward for
productivity.
- Timerate
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