Salary - Employees are paid a fixed amount of money per year and this is divided into 12 equal monthly payments., Piece Rate - Workers paid per item produced. The more a worker produces, the more they get paid., Time Rate - Workers are paid a fixed rate per hour worked. Employees are paid for the hours they work - their productivity does not impact this payment., Overtime - This is where an employee works hours over their contracted hours. The rate of pay is usually higher than the normal hourly rate eg double time., Commission - Workers receive a percentage of the sales value of the products they sell. This is usually paid on top of a low basic time rate. This is most often used in sales e.g. car sales.,

Payment systems

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