salary
wages
based on time or output
commission
get a percentage of sales. encourages unhealthy competition between colleagues creating a hostile work culture. most salaries on commission get base salary
performance related pay
- pay employees bonus for exceeding or reaching target
- increase motivation
profit related pay
give workers some percentage of the annual profits awarded on top of normal pay incentivizes workforce to be motivated and PRODUCTIVE costly demotivating if employee miss profit target
employee share ownership schemes
give workers share of the company they work at for free or at discount become shareholders in company company profit is wanted by employees, acts as MOTIVATION. creates LOYALTY
fringe payments
employee benefits like WIFI access
