Different methods of Wage Payments
What are the different methods of Wage Payments?
Expert
Wage plans are mainly micro plans and each company may devise any of the wage plans. Basically there are three methods for wage payments, viz.
The fundamental plans of wage payment are:
(1) Time rate wage system
(2) Piece rate wage system
(3) Balance and Debt System
The wage paid to labor has to perform important functions in the economic system. It should be such as to make the worker capable and willing to be efficient and involved in the job. There should be link, wherever feasible between emoluments and productivity; and fair parity between wage differentials and skill differential.
What do you mean by Prevailing Market Rate or “Going Wage Rate”?
What are differences between Job Evaluation and Merit Rating?
What are the principles of Job Evaluation?
Discuss the need and importance of Human Resource Planning?
Describe what do you mean by Degree of Structure?
Elucidate the importance of evaluation of Executive Development?
Comment on (a) Succession Planning and (b) Demand Forecast
Understanding of Human Resource Management according to wikstrom
Write down the needs and importance of Human Resource planning?
What do you mean by Management Attitude?
18,76,764
1923731 Asked
3,689
Active Tutors
1459821
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!