#2 Is Hourly Pay the True Cost of Employee Labor?
Hourly Pay the True Cost of Employee Labor?
2. The pros of hourly pay.
Giving employees hourly pay has a lot of benefits. For one, it ensures that employees are paid for the work they do, and nothing more. This can help to reduce exploitation of workers, as they only receive money for the time they work, rather than being asked to do extra tasks outside of their hours. Additionally, hourly pay can help to motivate employees, as they know they will be paid more if they work harder and faster. This can lead to increased productivity in the workplace. Finally, hourly pay is often simpler to calculate and keep track of than other forms of pay, such as salaried pay. This can make it easier for employers to manage their finances and budget for labour costs.
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