Remuneration

Question 0

Piece rate

Answer 0

+effort rewarded, increased output and productivity, Money motivated
-rushing- quality and safety problems

Question 1

Time Rate

Answer 1

+easy to calculate for Becky, less quality issues,

-employees working hard paid the same as other workers- unfair

Question 2

Shares

Answer 2

+employees feel valued- offered to become part owners of business, links business and employee objectives- employees work harder to get a larger value if shares
-may be too expensive for employees to afford (unless favourable rate offered)

Question 3

Performance related pay

Answer 3

+more effort=more reward, helps achieve objectives

-discourages teamwork, employee conflict ‘he got paid more than me!!’

Question 4

Measured day work

Answer 4

+paid by % of profits- encourages effort and commitment

-varies yearly, receive same pay regardless of individual effort