BS:Methods of payments

There are different types of payment methods which are:

Time rate: staff are paid for the number of hours worked

- employees will know how many hours they need to work reduces

- may put pressure on employees if they do not have time

• Overtime: staff are paid extra for working beyond normal hours.

- will motivate staff to work extra hours

• Piece rate: staff are paid for the number of items produced.

-motivates…