The Three Disadvantages Of Payage

The 3 advantages of salary would be one, it simplifies budgeting; “a monthly salary simplifies budgeting, because household bills are often due monthly” (Grace, n.d paragraph 2). Two, guaranteed pay; “a salaried employee receives a guaranteed amount of pay each pay day. This guaranteed payment is steady income that gives you peace of mind” (Grace n.d. paragraph 3). Three, “salaried employees receive competitive benefits and bonuses” (Grace, n.d paragraph 4). The disadvantages of a salary job would one, “if you are salaried- exempt, your employer does not have to pay you overtime if you work more than 40 hours per. Week” (Grace n.d paragraph 5). Two, “a monthly salary position has its ups and downs” (Grace n.d paragraph 1). Three, workers are

The motivational impact may vary, but those sales people driven by income tend to go after more prospects and work more deligently to get sales if pay is connected to success” (Kokemuller n.d paragraph 2). Two, managers can effectively control labor costs or ensure optimized selling efficiency by only paying workers for the results that they provide” (Kokemuller, n.d paragraph 3). Three, payroll planning: “commission pay can benefit your business because it means your payroll costs are largely tied to the business you receive” (Kokemuller, n.d paragraph 2). The disadvantages are one, uneasiness and discomfort; “the uncertainty with commission pay can lead to budget challenges, especially if you sell on account to buyers. If you pay commissions shortly after the purchase but don’t collect payments for an extended period, you have a lack of alignment in revenue and compensation. Some salespeople also struggle with the uncertainty of a commission plan” (Kokemuller n.d paragraph 4). Two, there are no financial guarantees at all: “if your own straight commission and you sell nothing, you earn nothing. Zero sales means no pay check and low sales means a very small paycheck” (Rambauskas, 2010 paragraph 19). Three, questionable security: “unlike a regular employee, you won’t have any severance pay or other

per week” (Bowen, 2010 paragraph 6). Two, “some employers actually offer a higher pay rate if you take an hourly position. This saves the employer money by not having to offer a salary benefits package” (Bowen, 2010 paragraph 7). Three, flexibility. This can definitely help employees out in terms of if there is an emergency that requires the employees full attention, that individual will not have anything to lose out on in terms of money. The disadvantages would be one, “many hourly positions keep employees in a part-time position so they do not have to offer benefits at all” (Bowen, 2010 paragraph 8). Two, there is a cost that comes with working with hourly employees and this really affects payroll. Three, at times not always “insurance isn’t offered at all and when it is, the costs are higher” (Bowen, 2010 paragraph 8). I will be using hourly pay as my compensation because I believe it work best for me as well as for my employees. The 3 benefits that I will offer would be one health insurance. I really believe everybody should have access to health insurance because it is our life we are talking about and most importantly I want to make sure my employees good and no major problems at all. A traditional health insurance is what I like; “traditional plans typically come with