AQA GCSE Business · 8132
Paper 1
Revise: Methods of MotivationTwo main methods of payment are salary and wages.
Loading…
GCSE Business · key term
Pay commonly calculated by multiplying the hours worked by an hourly rate.
Used by AQA and OCR
Paper 1
Revise: Methods of MotivationTwo main methods of payment are salary and wages.
Paper 1
Pay commonly calculated according to the number of hours worked.
Revise: Financial Motivation MethodsA wage is commonly based on hours worked, whereas a salary is a fixed amount for a period of employment, usually quoted as an annual figure.
Fringe benefits count as financial motivation because they have monetary value, even though they are not paid directly as wages.
Create a free account to read GCSE Business revision notes for your exam board and track your progress.