Remuneration

Time rate - Staff are paid for the numbers 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 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 ours they work

Fringe benefits - Payments in kind, eg a company car or staff discounts