Financial Methods Of Motivation Flashcards
1
Q
What’s a piece rate?
A
PIECE RATE means that workers are paid according to how many items they produce.
2
Q
What’s performance related pay?
A
PERFORMANCE RELATED PAY means a bonus if an employee achieves a target.
3
Q
What’s profit sharing?
A
PROFIT SHARING means receiving a percentage of the profits made by the business.
4
Q
What’s commission?
A
COMMISSION means that employees are paid a percentage of every sale that they make.
