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.
Understanding of Human Resource Management according to wikstrom
What do you understand by the term Indirect Methods?
What do you understand by Job Specification?
Explain by giving an example of Check-list Method?
What do you mean by Deciding Wage Structure and Rules for Its Administration?
What are the techniques of evaluation used in organisations?
What is the need of Orientation?
What is (BARS) Behaviorally Anchored Rating Scales?
How we can say that the Taylor's theory dissimilar from Mayo's theory of motivation?
What are Safety measures?
18,76,764
1940505 Asked
3,689
Active Tutors
1458477
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!