Methods of Remunerating Labour

Methods of Remunerating Labour

18:15
Methods of Remunerating Labour
Methods of Remunerating Labour
Methods of remuneration may be classified as follows:
(a) Time-or day-rate wages based on the time employed, including extra payment for overtime.
(b) Payment by results:
(i) Piece-work;
(ii) Bonus schemes;
(iii) Profit-sharing schemes.
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