This is a fixed component of remuneration. This is a recurring periodic benefit (paid at least once a month).

Its amount is determined at the rate of personal pay grade.

The remuneration may be defined as:

• monthly, weekly or hourly rate (time-based remuneration),
• rate per product unit – piecework (remuneration for results), dependent on performance, e.g. on the number of products, services, contracts signed, etc.,
• commission.