reward for work - economics

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  • 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

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