The firm agrees to pay the worker an amount of money per year, which is divided by 12 and paid out monthly. The worker is not usually paid fo extra hours of work, but may recieve bonuses.
Back
Card 27
Front
Used where the work of individual workers can be measured, so the worker is paid a sum of money for each item they complete. The more items the worker produces, the more pay they receive.
Back
Card 28
Front
This is paid to workers who sell goods or services. The amount is calculated as a percentage of the value of the goods or services the worker sells.
Back
Card 29
Front
An extra sum of money paid to an individual or group, when they reach a target level of production
Back
Card 30
Front
The worker may be paid a share of any profits that the business makes. It can be used to reward senior managers or where the individual contribution of workers cannot be measured.
Back
Card 31
Front
The firm gives the worker non-money rewards, so for example a company car, or some flowers.
Back
Card 32
Front
Somebody with shares in a business.
Back
Card 33
Front
A Recruitment This is a how the sourcing of new employees is undertaken. Typically the ownership of the recruitment process resides within the Human Resources function.
Back
Card 34
Front
This is a description of the qualifications, skills, experience, which a candidate must possess to perform the job duties.
