Types of Wages: Name them

[niyati]

I’m trying to learn more about wages and their different types. Can someone please list and explain the main types of wages?

 

[nikhilrajoria]

The common ones include Hourly Wage, Salary, Commission, Pay piece, and Bonus/Incentive pay.

 

[peterkavinsky]

The main types of wages are time wages, piece wages, cash wages, and wage in kind.

 

[ankita]

Here are the main types of wages:

1. Time Wages – Paid based on time worked (hourly, daily, monthly).
2. Piece Wages – Paid per unit of work completed.
3. Cash Wages – Paid in money.
4. Kind Wages – Paid partly or fully in goods/services.
5. Contract Wages – Fixed payment under a contract.
6. Salary – Fixed regular payment, usually monthly.