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How many methods are used to pay employees?

Anonymous

∙ 12y ago

Updated: 11/11/2022

1. Profit sharing2. Salary3. Time-rate pay4. Commission5. Fringe benefits: Fringe benefits are financial benefits that are not paid out directly in cash (or cash equivalents such as shares).Examples of these include:

Company cars
Discounted season tickets
Health insurance
Pensions
Holiday and other entitlements to take time off work
Childcare provision
Staff uniforms
Staff discounts

Benefits in kind have become a much more popular and widespread form of remuneration. This is partly because businesses pay less tax on providing them, but also because they cause a business less hassle and can help to differentiate the remuneration package.

Wiki User

∙ 12y ago

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