building the business Flashcards
1
Q
Remuneration
A
Using a wage and a good salary to attract and motivate the employee e.g. if a worker works extra hours then they may receive overtime payment.
2
Q
Bonuses and commission
A
Bonus:An additional amount of money paid to an employee if they achieve a target or high level of performances.
Commission:A commission is an extra amount of money paid to an employee,usually if they make a certain number of sales.
3
Q
Promotion
A
When an employee is given a more senior role in a businesses or organisation.
4
Q
Fringe benefits
A
Fringe benefits are other benefits offered by a business that financially benefit employee.