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  Some Other Incentive Plans

Some Other Incentive Plans are as follows:

1. Hayne's plan

Within this plan also, the standard is fixed in minutes. The standards time for the task is expressed in the standard man-minutes termed as "MAINTS" within the plan. The time saved is shared among the worker and the foreman in the ratio of 5 : 1, if the work is of a repetitive nature. The foreman, the employer and worker share the value of lime saved in the ratio 1 : 4 : 5 if the work is non-repetitive. The worker is paid as per to hourly rate for the time spent from him on the job. So, the time wages are making sure to the worker.

The scheme is completely differ from the other schemes, and useful for the workers who are fresh to the industry and the work. After they are well trained and they turn into well-versed with the work, other scheme is accepted in place of Barth scheme. The scheme shall be inappropriate for more and more proficient workers like the rate of increase of bonus is very slow. It cannot offer incentives to workers in case while efficiency exceeds 100%.

9. Accelerating premium bonus plan

Within this plan bonus is paid to workers at an increased rate as per to more and more time saved, in its place like a fixed percentage within Halsey Plan and as a falling percentage within Rowan Plan. This gives a great inducement to workers to attain the goal of higher production.

10. Priestman's production bonus plan

Within this plan the standard output is determined earlier that has to be achieved, say, in a week through the workers as a group in a factory. The standard productivity can be set in terms of units or points. The bonus is paid to them as per to the proportion of increase in output if the workers produce more than the standard output. This is accommodating production bonus plan because all the workers together make efforts to achieve the standards.

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