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There are various forms of payment. In the West, the popularity acquired hourly wage. Is it good?Advantages and disadvantages I'll try to sort out.

Firstly, the working hour is always the same duration, in contrast to the working day. Fixed cost of working hours will most accurately calculate earned one way or another member of the sum, given the absence in the workplace for various reasons. Secondly, the hourly wage optimally pay for work of employees working part-day or week, working part-time or flexible hours. Hourly wage is suitable employees, the working day which can not be clearly normalized - for example, a teacher. One day he may have two pairs, and in another - all six.. If you are a student and looking for summer job (for example, the promoter or by courier service) - you probably also will pay per hour of work. Hourly rate is useful for non-uniform workload. Thirdly, it allows you to save money - you pay employees only for actual hours worked. Fourthly, the hourly wage will help monitor how effectively your employees use their time.
The disadvantages are the complexity of the calculation (should be maintained time of each employee), as well as the inefficiency of hourly pay no premium. Besides, saving on the payment had already hired staff, you have to spend on wages of another - who would control the working time colleagues.
And yet, good or bad hourly wage? It depends on your occupation, desired timetable and integrity of the employer.