Remuneration Unit 3 Topic 3.4.1

Which is the best payment system ?

The four main types… Payment system How it works Flat rate (basic bay) Piece rate Salary Commission

The four main types… Payment system How it works Flat rate (basic bay) Worker is paid a fixed wage by the hour Piece rate Worker is paid for how much they produce Salary Worker is paid for doing a job but not by the hour Commission Worker is paid for each sale they make.

Choose the right method for these workers…. Worker Pay system Why chosen Warehouse supervisor Lorry driver Double glazing sales person Commission To give incentive to make more sales Hand bag sewer Cleaner Bank employee Butcher Nurse Secretary Car assembler

Worker Pay system Why chosen Warehouse supervisor Salary Might have to work extra hours Lorry driver Flat rate Just pay for the hours he/she works Double glazing sales person Commission To give incentive to make more sales Hand bag sewer Piece rate To give incentive to make more Cleaner Flat rate Just pay for the hours he/she works Bank employee Salary Might have to work extra hours Butcher Flat rate Just pay for the hours NurseSalary Might have to work extra hours SecretarySalary,,,, Car assembler Piece rate To give incentive to make more

Which is which ? Look at these job adverts and explain what the payment method for each one is: £17,000 Per year £2 Per box Up to 6 per hour £8 per hour Overtime X2 £8,000 per year + 10 % sales bonus Company car + 15 % staff discount