Business terms

2. payments – Extra benefits given to employees on top of salary/wages, such as health insurance or company cars.
4. The process of welcoming and training new employees so they understand the company, its policies, and their role.
5. training – Training that happens outside of normal work tasks, like workshops, courses, or seminars.
6. (time and piece rates) – Payment based either on the number of hours worked (time rate) or the amount of work produced (piece rate).
8. share ownership schemes – Employees are given or can buy shares in the company, so they also benefit when the business does well.
11. enrichment – Making a job more rewarding by adding responsibility or opportunities for growth.
12. pay – When employees receive part of the company’s profits as a bonus.
13. enlargement – Increasing the number of tasks in a job to make it more varied.
14. – Pay that’s based on how much an employee sells, often a percentage of sales.

1. pay (PRP) – Extra pay or bonuses tied to how well an employee performs.
3. rotation – Moving employees between different tasks or roles to build skills and reduce boredom.
7. – A fixed, regular payment (often monthly or yearly) that doesn’t change based on hours worked.
9. – Giving employees more authority and decision-making power in their work.
10. training – Learning by doing the actual job under guidance or supervision.