Remuneration is the compensation that one receives in exchange for the work or services performed. Typically, this consists of monetary rewards, also referred to as wage or salary

Time rate- Staff are paid for the numbers of items they sell.

Overtime- staff are paid extra for working beyond normal hours.

Commission-staff are paid for the number of items they sell.

Piece rate-staff are paid for the number of items produces.

Performance related pay- staff are paid based on the quality of their performance and productivity.

Profit sharing- staff receive a part of any profits made by the business.

Salary-staff are paid monthly no matter how many hours they work for.

Fringe benefits- payments in kind eg. company car or staff discounts.

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