Wages and Salaries (UK)

Usually paid to shop-floor and manual workers and expressed as an hourly rate (e.g. £9 per hour).

• A wage
• A salary
• A profit share
• A skills reward

A payment based on the percentage of the revenue the employee generates through sales.

• A commission
• A bonus
• A profit share
• A skills reward

A pay raise given to an employee based on their performance during the past year.

• Profit Sharing
• Bonus
• Performance Relate Pay Rise
• Shared Ownership

Increasing an employee's pay based upon an increase in their skill and expertise which is valuable to the employer.

• Commission
• Performance Relate Pay
• Bonus
• Skill Based Pay Rise

What is used to encourage productivity?

• Weekly Wages
• Monthly Salary
• Incentive Payments
• Annual Leave

Usually paid to shop-floor and manual workers and expressed as an hourly rate (e.g. £9 per hour).

• Wages
• Salary
• Commission
• Bonus

Usually paid to managers and office workers and expressed as an amount per year (e.g. £17,000 per annum).

• A wage
• A salary
• A commission
• A bonus

Some of an employees pay is linked to the achievement of targets at work. Targets may be sales targets or performance appraisal

• Performance Related Pay (PRP)
• Bonus
• Commission
• Salary

Rewards (perks) received by employees in addition to their wages or salary. E.g. Company car, Lunch, Private health care, Pensions

• Additional extras
• Options
• Fringe benefits
• Bonuses

Employees receive part of the business profits either in cash or shares. This helps motivate the workers as there is a financial incentive.

• Profit Sharing
• Shared Ownership
• Bonus
• Commission