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q earnings differing at different levels of the outputearnings differing at different levels of the output this group includes several schemes these
q explain standard hour systemunder the former the earning of the worker are in proportion to his or her output as in the straight piece work but the
q what do you mean by beaux systembeaux system the standard time for a job is determined each minute of the allowed time is called a point or b thus
q explain barth variable sharing systembarth variable sharing system it does not guarantee the time rate the workers pay is ascertained by
rowan premium plan it is widely used in the england it was introduced by james roman of david rowan and sons glass raw in 1901 it is modification in
q merits and demerits of halsey systemmerits of halsey system1slow workers are guaranteed a fixed time wage2efficient workers get extra wages3it is
q what do you mean by halsey systemhalsey system under the halsey system standard time is fixed for the completion of a job and the rate per hour is
types of incentive schemes incentive schemes are many and varied the international labour organization ilo classifies all the schemes of payment by
q explain straight piece work method straight piece work method is the simplest oldest and the most commonly used method here the rate unit of the
classification or types of rewards rewards or incentives can be classified into1direct compensation and2indirect compensationdirect compensation
disadvantages of the incentive payments 1there is a tendency for the quality of products to deteriorate unless steps are taken to ensure such
an incentive plan has the following important features1an incentive plan may consist of both monetary and non monetary elements mixed elements can
q show rewards and incentiverewards and incentive an incentive or rewards can be anything that attracts a workers attention and stimulates hi to work
comparison bw time rate system and piece rate system 1in time wages time is the basis of payment whereas in the piece wage quantity of the work is
disadvantages of the piece wage system 1payment under this system is irregular and uncertain for the workers point of view and thus creates
advantages of piece wage system 1it pays the work man according to his efficiency as reflected in the amount of worth turned out by him it satisfies
q what do you mean by piece wage system piece wage system under this system workers are paid according to the amount of work done or the number of
q show suitability of time wage systemsuitability of time wage system1 where supervision is close as in small concerns2 where quality is more
disadvantages of time wage system1 it does not take into account the fact that men are of different abilities and that if all the persons are paid
advantage of time wage system 1simplicity is the greatest merits of time wage system time which a man expands on a job is easy to measure2the quality
q system - method and types of wage paymenttime wage this is the oldest and the most common method of fixing wages under this system workers are paid
q show factors influencing employee remuneration1labour market demanded for and supply of labour influence wage salary fixation a low wage may be
procedure of wage and salary administration the basic steps in the process of setting wages and salaries of employees arestep 1 job analysis
essential characteristics of a good wage payment system the system of wage payment should be such that it is acceptable and beneficial to both