Time Rate Wage System
What do you mean by Time Rate Wage System?
Expert
It is the oldest and the simplest form of wage fixing. Under this system, workers are paid according to the work done during a certain period of time at a rate of per hour, per day, per week, per fortnight, or per month or any other fixed period of time. According to the section 4 of the Payments of Wages Act, 1936, not more than one month must elapse between two wage period. Time wage system adopts time as the basis of worker remuneration without taking in to account the units produced. The worker is guaranteed a specified sum of money for a fixed period of his time taking no account of the quality or quantity of the work done.
What is the meaning of industrial health?
What do you understand by Straight Lecture?
Explain job rotation takes on dissimilar perceptions?
Illustrate the four described objectives of HRM?
DISADVANTAGES OF PERFOMANCE APPRAISAL WITH AUTHOR NAME &BOOK NAME
Write a brief note on the term ‘Herzberg's theory of motivation’?
Explain what do you mean by Plan in JIT?
which year did edwin flippo definition of performance appraisal
What is the Process of Wage Determination?
Describe briefly Marxist perspective of IR system?
18,76,764
1940033 Asked
3,689
Active Tutors
1459232
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!