reward for work - economics
- Created by: katie
- Created on: 29-11-12 09:56
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- How people are paid
- overtime payment
- usually 1.5 X the hourly rate encouraging workers to do more hours
- commision
- recive payments for achiving targets, encourages sales and motivation
- shift work payment
- when business need to be kept open for more than the usuall working day hours
- wage
- hourley rates X by how many hours worked. paid weekly to those in part time/temp employment in low skilled jobs
- BACS
- bakers automated clearing system. the electronic transfer of money taking upto 3 days
- Salaries
- yearly earning paid monthly to those in full time employment
- overtime payment
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