Different types of payment for work

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  • Created by: Calin
  • Created on: 03-05-15 20:00
Wage
Receives a pay rate per hour, multiplied by the number of hours worked. The person is considered to be a "non-exempt" employee.
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Salary
Is not paid a smaller amount for working fewer hours, nor is he paid more for working overtime
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Commission
You get paid based on how much work you do. (can be a percentage of how much you sell.)
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Piecework
Work paid for according to the number of units turned out.
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Fee
Paid to a consultant or similar to do a specific job in a specific time and the person is not employed permanently.
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Bonus
Bonus payments are in addition to hourly, salary, commission, or piece rate payments. They are usually dependent on how well the company had performed that year.
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Other cards in this set

Card 2

Front

Is not paid a smaller amount for working fewer hours, nor is he paid more for working overtime

Back

Salary

Card 3

Front

You get paid based on how much work you do. (can be a percentage of how much you sell.)

Back

Preview of the back of card 3

Card 4

Front

Work paid for according to the number of units turned out.

Back

Preview of the back of card 4

Card 5

Front

Paid to a consultant or similar to do a specific job in a specific time and the person is not employed permanently.

Back

Preview of the back of card 5
View more cards

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