Within your project write-up add the following title: Task Three: Methods of Payment followed by the heading: Task 3a: Cash or BACS then complete the tasks below.

There are two ways in which an employee can be paid, either: cash or BACS transfer (Bankers Automated Clearing System) This is when the money is paid directly into their bank account.

Explain each of these methods and decide which method you think is best for:

1. A factory worker who is paid weekly using the piece rate methods

2. A finance manager who has a salary which is paid monthly

Last modified: Wednesday, 2 September 2009, 2:06 PM