Emersons Efficiency Bonus System of premium payment

Give brief introduction of Emerson's Efficiency Bonus System of premium payment?

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The wages are payable to the workers are calculated as below:
Wages =Real Hours X Hourly Rate + Bonus Percentage x Real -Hours X Hourly rate.
Following percentage limits are given to compute bonus percentage:

If Efficiency Bonus is:

- Below 66.2/3 % - No bonus is payable. Only definite time wages.

- 66.2/3% to 100% - Bonus is paid at dissimilar percentages rising to 20% at100% efficiency + Time wages

- Above 100% - Bonus @ 20% + 1% bonus for each 1% raise in efficiency beyond 100%

Efficiency percentage can be computed on time basis and on output basis. This system is alike to piece rate. This system might be appropriate for non efficient workers for improving their efficiency.

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