Remuneration and fringe benefits
Remuneration and fringe benefits
Remuneration is the money an employee receives for doing their job, either as an hourly wage or a fixed annual salary. It is usually a central part of an employee's financial reward, while other methods such as bonuses and commission can supplement basic wages or salary, and promotion involves a change of role that may bring higher pay and responsibility.
Step-by-step lessons on Edexcel GCSE Business 2.5.4b Financial methods of motivation. Each one builds up to exam-style questions. Start by mastering business terminology and the functional areas (marketing, finance, operations, HR) before moving on to the extended, evaluation-heavy questions that carry the most marks.