Rewan Premium System
Give a small introduction of the term ‘Rewan Premium System’?
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Guaranteed time rate payment is appropriate. The amount of bonus paid is a percentage of hourly rates that is in part to the time saved. The total wages payable to the workers under this system can be calculated as below: (AH X HR) + {(SH – AH)/SH} X AH X HR (AH - Real Hours, SH - Standard Hours, HR - Hourly Rate)
Write down the different method of remunerating the workers?
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