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Financial Motivation

Wage: How it works and Types

Updated on April 17, 2022 by Ahmad Nasrudin

Wage How it works and Types

What's it: Wages are irregular payments to workers. Companies may pay them based on the hours worked or their output. It may be paid daily,

Topic: Financial Motivation, Wage Category: Human Resources

Commission-Based Pay: How it Works, Pros, Cons

Updated on April 17, 2022 by Ahmad Nasrudin

Commission Based Pay How it Works Pros Cons

What's it: Commission-based pay is money paid to employees based on the value involved, expressed as a percentage. How to pay commissions can

Topic: Commission, Financial Motivation Category: Human Resources

Profit-Sharing as a Motivator: How it Works, Advantages, Disadvantages

Updated on April 17, 2022 by Ahmad Nasrudin

Profit Sharing as a Motivator How it Works Advantages Disadvantages

What's it: Profit-sharing is a bonus paid to employees based on the company's profit performance. It is an additional incentive beyond the

Topic: Financial Motivation, Profit Sharing Category: Human Resources

Salary: Influencing Factors, Advantages, Disadvantages

Updated on April 17, 2022 by Ahmad Nasrudin

Salary Influencing Factors Advantages Disadvantages

What's it: A salary is a regular lump sum payment usually paid to employees every month. Companies do not pay it based on the hours worked or

Topic: Financial Motivation, Salary Category: Human Resources

Performance-Based Pay: How it Works, Pros, Cons

Updated on April 17, 2022 by Ahmad Nasrudin

Performance Based Pay How it Works Pros Cons

What's it: Performance-based pay is a compensation scheme beyond salary adjusted for employee performance. If they reach or exceed the targets

Topic: Bonus, Financial Motivation Category: Human Resources

Time-Based Wage: How it Works, Pros and Cons

Updated on April 17, 2022 by Ahmad Nasrudin

Time Based Wage How it Works Pros and Cons

What's it: Time-based wage is a remuneration system calculated based on the time contributed by workers. It is usually calculated based on hours

Topic: Financial Motivation, Wage Category: Human Resources

Piece-rate Wage: How it Works, Advantages and Disadvantages

Updated on April 17, 2022 by Ahmad Nasrudin

Piece rate Wage How it Works Advantages and Disadvantages

What's it: A piece-rate wage is a wage system in which workers are paid based on the output produced. This is an alternative to time-based

Topic: Financial Motivation, Wage Category: Human Resources

Fringe Benefits: Examples, Advantages, Disadvantages

Updated on April 17, 2022 by Ahmad Nasrudin

Fringe benefits Examples Advantages Disadvantages

What's it: Fringe benefits are compensation provided to employees beyond salary or wages. Common examples are insurance, retirement plans,

Topic: Financial Motivation, Fringe benefits Category: Human Resources

Share-Ownership Scheme: Its Importance, Pros, and Cons

Updated on April 17, 2022 by Ahmad Nasrudin

Share Ownership Scheme Its Importance Pros and Cons

What's it: A share-ownership scheme is an incentive to employees and management by giving them the right to purchase stock in the company they

Topic: Employee Stock Ownership Plan, Financial Motivation, Management Stock Ownership Plan, Share-Ownership Scheme Category: Human Resources

Financial Motivation: Why It Matters and Types

Updated on April 17, 2022 by Ahmad Nasrudin

Financial Motivation Why It Matters and Types

What's it: Financial motivation is an encouragement to employees to do something involving monetary compensation or the like. Companies have

Topic: Financial Motivation, Motivation Category: Human Resources

Bonus: Types, Advantages, Disadvantages

Updated on April 17, 2022 by Ahmad Nasrudin

Bonus Types Advantages Disadvantages

What's it: A bonus is compensation beyond the regular salary paid by the company to employees or management, usually once a year. In a narrow

Topic: Bonus, Financial Motivation Category: Human Resources

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