Business Studies Collins Revision Guide. - StudyGuide.PK

Check yourselfRewarding employees1 What are the three main ways of rewarding employees? (3)2 Match the correct method of payment with its description. (3)7Time rateBonus paymentsPiece ratePaid by the amount producedPaid by the hourFixed amount because of high profits3 What is the name for the payment made if hours have to beworked above the normal ones? (1)4 If a worker is paid overtime at time-and-a-half calculate hisovertime rate per hour if his normal hourly pay is £5. (1)5 Which methods of payment are least likely to improve quality ona production line? (2)6 What methods of payments are most likely to be given tomanagers? (2)7 What are the most likely perks that a skilled production workermight be given? (2)8 Is commission a perk or an incentive? (1) Why? (1)9 What is performance-related pay? (2)10 What would you expect the salary package to include for this job? (2)Personnel Directorrequired forSuccessful Engineering CompanyNorth East EnglandGood salary packageThe answers are on page 108.27