financial incentives (motivating and retaining)

Question 1

salary

Answer 1

an employee is paid a fixed amount per year in 12 equal instalments (once every month)

Question 2

time rate

Answer 2

employee is paid per hour that is worked (eg £6.50 per hour)

Question 3

bonus

Answer 3

receiving an additional payment on top of a salary or time rate

Question 4

comission

Answer 4

a percentage of money is paid based on the value of sales that an employee makes