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This means that a salary (wage ) is set at a certain figure each week or month. Its normally a minimal level. Then, if the individual or team meets specific KPI's (key performance indicators) such as X amount of widgets sold each week a form of bonus as a percentage of pay is made. this system is used to encourage certain industries employees to reach high levels of performance so that the more they, do the more they are paid.
A classic case in in the telephone sales industry were the more accounts that are opened the more a seller will earn above their base rate of pay
What else can I help you with?
What is meant by the term 'inputs credit scheme'?
An Inputs credit scheme is an arrangement between a farmer and a contractor where the contractor provides inputs on credit to be repaid on sale of produce by the farmer.see also contract farming.
How do Pay Day loans typically work?
Pay day loans are loans of about 1000 dollars that are meant to get people through rough economic patches in their life. You have about 2 weeks to pay the loan back, as they are meant to help get by, not start up a project or business.
What is a merit pay solution?
One merit pay solution is instead of paying based on student's performance, pay based on the teacher's performance. For example, at the end of the year, the students will take an anonymous survey and if the teacher is good or great, he/she gets a raise. If he/she is average or bad, their pay stays the same of decreases.
Should both genders receive equal pay for the same job?
Why not? As the work performance will be the same done by both of them, they can get the same pay.
Is insurance a ponzi scheme?
No, insurance is not a Ponzi scheme. Insurance is a legitimate financial arrangement where individuals or organizations pay premiums to an insurance company in exchange for protection against potential financial losses. In contrast, a Ponzi scheme is a fraudulent investment scam where returns are paid to earlier investors using the capital of newer investors, rather than from profit earned by the operation of a legitimate business.
What has the author Chunpeng Xiao written?
Chunpeng Xiao has written: 'Performance-related pay scheme in Chinese local government'
What was the Assisted Passage Scheme?
The Assisted Passage Scheme is a scheme whereby a government encourages people to emigrate or return home by agreeing to pay for their ticket.
Which of the scheme have the best error performance with the same energy per bit?
16psk
What do you call a form of fraud where previous investors' money is used to pay out later investors?
A Ponzi Scheme Or a Pyramid scheme.
How would you describe pay for performance?
A pay-for-performance plan increases even the base pay--so-called merit increases--to reflect how highly employees are rated on a performance evaluation.
How is Social Security a Ponzi scheme?
You can joke it is like a Ponzi scheme as far as money from one investor is used to "pay" another and so on....
What is meant by work performance?
The phrase work performance means how well someone does his or her job.
What is the Emission trading Scheme criteria for Australian companies?
That the busnessies have to pay more money and have to pay more money to pollute
What about Assured Career Progression Scheme 4-9-14?
4-9-14 scheme for those emlyee whose are work in same scale in long peiroied and not have parmotion chanal.govt given next pay scale after 4 year and next pay scale after 9 year and 14 year.4-9-14 scheme prograssive scheme foe govt emplyee.
What is halsey bonus scheme?
it is an bonus scheme where employee is paid 50% of the time saved in excess of basic pay, according to a rate previously decided by management.
What has the author Marc Thompson written?
Marc Thompson has written: 'Pay and performance' -- subject(s): Merit pay 'Performance related pay and UK nursing' -- subject(s): Merit pay
What is meant by the term direct pay?
Direct pay is that the money you get will go straight into your bank. You will have to sign a few papers to get the process started. The Direct Payments scheme is a UK Government initiative in the field of Social Services that gives users money directly to pay for their own care, rather than the traditional route of a Local Government Authority providing care for them.
