Comparison time rate system and piece rate system, HR Management

Assignment Help:

Comparison b/w time rate system and piece rate system:

1. In time wages, time is the basis of payment whereas in the piece wage quantity of the work is the basis of payment.

2. Time rate system does not make a distinction b/w efficient and inefficient worker whereas piece rate system gives a premium on efficiency.

3. Time rate system provides security of wages to worker while piece rate does not.

4. Time rate system may be used where quality is more important than quantity whereas piece rate system is used where quantity is more important than quality.

5. Labour unions generally prefer time rate system and oppose piece rate system.


Related Discussions:- Comparison time rate system and piece rate system

Types of selection test, Types of selection test: Aptitude test: these ...

Types of selection test: Aptitude test: these tests measure whether an individual has the capacity or latent ability to learn a given job, if the given adequate training. Aptit

What do you mean by beaux system, Q. What do you mean by Beaux system? ...

Q. What do you mean by Beaux system? Beaux system: the standard time for a job is determined. Each minute of the allowed time is called a point or B. Thus there are 60 Bs in on

HR Planning, In 1982 it seems the company will have to downsize. What are t...

In 1982 it seems the company will have to downsize. What are the factors that are forcing the company to make that decisionstion #Minimum 100 words accepted#

Bargaining, Bargaining Bargaining is the procedure of, debating, cajol...

Bargaining Bargaining is the procedure of, debating, cajoling, discussing and even threatening so as to arrive at an agreeable agreement for those being represented. Wages and

Earnings differing at different levels of the output, Q. Earnings differing...

Q. Earnings differing at different levels of the output? Earnings differing at different levels of the output: this group includes several schemes. These systems can be best ex

Core competence model, Core Competence model The Core Competence model ...

Core Competence model The Core Competence model given by Hamel and Prahalad is a corporate strategy model that initiates the strategy procedure by thinking about the major stre

Describe priest man bonus plan, Q. Describe Priest man bonus plan? Prie...

Q. Describe Priest man bonus plan? Priest man bonus plan: under this system productivity of all the workers is taken into account. In case, during a year, the o/p rises either

What do you mean by employee grievances, Problem 1 What is the purpose ...

Problem 1 What is the purpose of performance appraisal? List the various methods of performance appraisal. Describe the '360 degrees appraisal' method. Meaning of perform

Identify and describe some of the adaptive coping strategies, QUESTION ...

QUESTION Coping refers to efforts to manage stress. Coping can be adaptive or maladaptive. Adaptive coping strategies generally involve confronting problems directly, recognizi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd