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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.

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Q: How many methods are used to pay employees?
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