Remuneration

Money paid for work or a service."they work in excess of their contracted hours for no additional remuneration"

Time Rate: Staff are paid for the number of hours worked

Overtime: Staff are paid extra for working beyond normal hours

Piece rate: Staff are paid for the number of items produced

Commission: Staff are paid for the number of items they can sell

Performance related pay: Staff get a bonus for meeting a target set by their manager

Profit sharing: Staff receive a part of any profits made by the business

Salary: Staff are paid monthly no matter how many hours work

Fringe benefits: Payments in kind, e.g. a company car or staff discounts