Payment Methods

Page 1

Time Rate- Money paid per hour. This makes sense to be paid by, as well as to help of work by.

Overtime Pay-Paid for any extra work over contracted hours I'm job description. If I was to work over-time, I would be expected to be paid for overtime.

Basic Salary-Your basic pay as said in your job description if contract is met. It would be a substantial expectancy to get paid my minimum according to my contract.

Piece rate-Paid for each product or unit produced for the organisation. This would help/motivate me to work harder to get paid.

Commission-An increase in percentage of the basic salary, a bonus on your basic salary- This would be a tip, and help me with my income.

Bonus-A bonus to the basic salary when a target is meant by a group or an individual. If I receive a bonus, it will motivate me and I will not turn it down.

Profit-Sharing-Sharing the profit of an overall profit according to employees. This would be ideal as I'm involved with the profit.

Fringe Benefits- essentially singular profit-sharing for an individual employee.