Method of remunerating the workers

Question

Write down the different method of remunerating the workers?

Answer 1

Different methods of remunerating the workers are illustrated below:

i) Remuneration on Work Basis.

ii) Remuneration on Time Basis.

iii) Non-monetary incentives

iv) Indirect monetary remuneration

a.) Profit sharing

b.) Co-partnership

v) Incentive or Bonus Systems.

a.) Individual Incentive Systems

b.) Group Incentive Systems.