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
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. Questions
1. 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 be
piece 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 ASDA
Can you think of any that could be both? Why?
8. Payment by results:
What monetary incentives could you offer to
make 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.
