Outline two methods for rewarding employees:
(i)
(ii)
- Leaving Cert Business - Question 15 - 2013
Question 15
Outline two methods for rewarding employees:
(i)
(ii)
Worked Solution & Example Answer:Outline two methods for rewarding employees:
(i)
(ii)
- Leaving Cert Business - Question 15 - 2013
Step 1
(i) Basic Salary
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Answer
One method for rewarding employees is through a basic salary. This is a fixed amount of money paid to an employee based on their contract. It assures employees of a reliable income, allowing them to plan their finances adequately.
Step 2
(ii) Commission
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Answer
Another method is through commission. This payment structure is based on a percentage of sales achieved, which aligns the employee's earnings with their performance. It motivates employees to work harder to increase sales, thus benefiting both the employee and the organization.
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