Remuneration Flashcards
Remuneration as a part of the recruitment of management
1
Q
Remuneration
A
Reward or compensation given to employees for work performance
2
Q
How many methods of remuneration
A
Two
3
Q
Methods of remuneration – time rate method
A
Directly linked with time spent by employee on the job
4
Q
Time rate method most suitable for
A
Work is non repetitive,
Emphasis on quality output rather than quantity
5
Q
Methods of remuneration -price rate method
A
Basis of units of pieces produced by employee
6
Q
Piece rate method most suitable for
A
Emphasis on quantity other than quality
Repetitive work
7
Q
Types of remuneration
A
5
Commission Compensation Employee stock option Employee benefits Salary
