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Accounting for Wages

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Financial Management

Abstract

Wages are usually paid to weekly-paid staff and are generally calculated on the number of hours worked. A swimming pool attendant might work a 40 hour week and be paid £4 an hour, making the weekly wage £160. A Leisure Centre Manager is more likely to be paid a fixed salary for a year, and to receive it in monthly instalments regardless of the hours worked.

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© 1993 Sally Messenger and Humphrey Shaw

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Messenger, S., Shaw, H. (1993). Accounting for Wages. In: Financial Management. Palgrave, London. https://doi.org/10.1007/978-1-349-13080-1_8

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