With so many methods of pay available, how should a business decide to structure the pay package it offers to employees, and what rate of pay should it use?
The starting point is usually to find out what the "market rate" is. Factors that help determine the market rate for a job include:
There are several ways in which a business can obtain data on market rates:
The next question is – should the business pay MORE or LESS than the market rate?
Factors to consider here include:
The third important question is how to structure the remuneration package.
A complete collection of editable worksheets that that enable students to practice all elements of the quantitative and data analysis skills required by the Year 1 (AS) teaching content.
Our Year 1 (AS) Course Companion is the designed as a high quality and cost-effective replacement for expensive and overly complicated textbooks. The Course Companion maps precisely against the specification and teaching content for Year 1 (AS) and provides students with comprehensive and concise coverage of what students really need to know and understand.