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Financial Methods of Motivation Money, and the way it is paid, can affect motivation to work. These are the basic Financial Methods of Motivation. Salary Salary is the fixed compensation or consideration paid, or stipulated to be paid, to a person at regular intervals for services, paid to a person on a regular basis; fixed wages, as by the year, quarter, or month; stipend; hire. Wage Payment for labour or services to a worker, especially remuneration on an hourly, daily, or weekly basis or by the piece. Commission A formal written warrant or authority, granting certain powers or privileges and authorizing or commanding the performance of certain duties. Piece Rate Paying by the number of items produced. Overtime Extra pay for work done over and above normal working hours. It is usually paid at a higher hourly rate. Shift Payments Usually paid for working unsocial hours such as night work. Bonus Payments A...

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