Payment Workers

A salaried employee is paid based on an annual amount, called a salary. A salary is a regular predetermined amount of pay an employee receives each payday, not determined by the quality or quantity of the employee's work.

Three methods employers use to compensate employees include salary, hourly wage and commission.

Three methods employers use to compensate employees include salary, hourly wage and commission. The method you select depends largely on the nature of each job position. For example, commission is the typical payment method in sales positions while salary is typical in management positions.

Piecework, or piece work pay, is paying an employee a fixed pay rate for each unit they produce.

Checks. Physical checks can be handwritten or printed and require only that your business have a checking account with a bank. Direct Deposit. Pay Cards.

Wage labour (also wage labor in American English), usually referred to as paid work, paid employment, or paid labour, refers to the socioeconomic relationship between a worker and an employer in which the worker sells their labour power under a formal or informal employment contract.

Thus, wage employment can be defined as 'a mutual agreement between two parties (known as employer and employee) in which the employee (generally an individual) agrees to work for the employer (generally a business firm, government office or sometimes an individual) under some specific terms and conditions and the

The Four Major Types of Direct Compensation: Hourly, Salary, Commission, Bonuses. When asking about compensation, most people want to know about direct compensation, particularly base pay and variable pay.