Salary Determination (Grade 12 NSC Matric Business Studies): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Salary determination definition
Salary determination definition
Process of deciding how much to pay employees
Piecemeal salary based on
Piecemeal salary based on
Number of items produced/output
Time-related salary based on
Time-related salary based on
Time spent working (hours/days/weeks/months)
BCEA full form
BCEA full form
Basic Conditions of Employment Act
Minimum wages definition
Minimum wages definition
Lowest hourly wage employers can legally pay workers
PAYE full form
PAYE full form
Pay As You Earn
Remuneration meaning
Remuneration meaning
Payment or salary given to employees
Industries using piecemeal method
Industries using piecemeal method
Manufacturing, textile, and technology sectors
Piecemeal method encourages
Piecemeal method encourages
High productivity through financial incentive
Time-related method provides
Time-related method provides
Predictable/consistent income for employees