TIME RATE - Employees are paid for the exact time that they work at a set amount per hour or per day., PIECE RATE - Employees are paid per item they produce., OVERTIME - When an employee is allowed to work more than their contracted hours and will be paid for these extra hours., COMMISSION - Employees are paid a percentage of the value of their sales, PERFORMANCE RELATED - Employees who reach a certain standard or achieve a certain target will be given a pay rise., BONUS - Employees are paid an additional amount on top of their basic salary for achieving targets set by the organisation., SALARY - A fixed amount of money paid to an employee each year usually in 12 equal instalments., PROFIT SHARING - Employees will receive a share or percentage of the profit made by the organisation.,

FINANCIAL MOTIVATION

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