Uploaded on

 

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
477
On Slideshare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
4
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Remuneration
  • 2. Specification Detail Remuneration: the impact on staff of various payment strategies, including time v piece rate, commission, full time salary v freelance work; fringe benefits The impact on business of different payment systems
  • 3. Lesson Objectives To define remuneration To understand how each type of remuneration benefits a business To identify which style of remuneration suits a businesses
  • 4. Video Clip Whatfactors affect the level of pay people get? Here
  • 5. Key Words  Remuneration is the payment of employees  Match up the remaining key words….  Wage  Remuneration  Salary  Commission  Piece rate pay  Time rate pay
  • 6. Questions1. Do you think Mrs Fonfe is on a wage or a salary? Why?2. Create a spider diagram for the positive and negative effects of both piece and time rate.3. Justify which type of commission you would prefer in your job; bonus; performance related pay or share option schemes
  • 7. Sort which jobs are most likely to bepiece rate pay or time rate pay?  Sewing jeans  Mechanic  Working in a  Selling cars restaurant  Librarian  Marking exam papers  Selling houses  Washing cars  Baby sitting  Playing in a band at  Tutoring a wedding  Working in a pub  Driving a taxi  Hairdresser  Working at a check- out in ASDACan you think of any that could be both? Why?
  • 8. Payment by results:What monetary incentives could you offer tomake people work harder? Bonus: Extra payments over and above the basic wage or salary. Commission: Sales people may be p[aid a salary, plus a commission (a percentage of the value of their sales) Performance related: Payment when you reach an agreed target. Share option scheme: Allowing (and sometimes giving) workers to buy shares in the business. The better the business does, the more money they earn.
  • 9. Fringe benefits Whatother things would you want, that could be used as a reward instead of money?
  • 10. Evaluate if remuneration is agood incentive to motivateworkers.