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 are the different disadvantages of External Sources?
What are the disadvantages of MBO(Management by Objective)?
Write down strategy do you reason to build up congenial Industrial Relations?
For marketing purposes what are the innovative ways to use press releases?
What do you understand by the term External Sources?
Illustrate the scope of HRM?
Explain managerial process classification system with minor variations?
What are the issues involved in succession planning?
factors affecting wages and salary administration
Illustrate the HR roles current Classification?
18,76,764
1942745 Asked
3,689
Active Tutors
1411817
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!