Why We Get Paid

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To Negotiate your SALARY đź’µ successfully, first, you need to understand why we get paid.

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Earning your own money is extremely rewarding, but it’s important you understand how you get paid at work. As well as helping you budget for the month, you should be able to make sure you’re being paid the right amount and are getting everything you’re entitled to. 

How will my pay be worked out?

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The money you get paid for work can be calculated in a number of different ways by your employer.Type of payMeaning

Salary

The amount of money you would earn in one year. This is usually based on working a certain number of hours each week.

Hourly rate

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You earn a set amount for every hour you work. The more hours you work, the more pay you’ll get.

Piece work

There are some jobs where you’re paid a set amount for every unit you produce. The more units you produce, the more you’ll be paid.

Commission

This is usually paid to people working in sales. You receive a share of the sales you make. Commission is often paid in addition to a salary or hourly rate.

Daniel Mutuku

Career Coach, Careerpoint Solutions

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https://www.moneyhelper.org.uk/en/work/employment/how-you-get-paid-at-work

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