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.
This resource comprises two practice exam papers (with supporting mark schemes) for each of the two Year 1 (AS) papers. The format of each practice exam paper follows precisely the format of the specimen assessment materials issued by the board that have been accredited by Ofqual.
Worked A Grade answers to recent AQA GCSE Business Studies Unit 1 exam papers together with detailed examiner commentary