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

Can you sell me on our product or service or concept, Can you sell me on ou...

Can you sell me on our product (or service or concept)? It is  not as difficult as it sounds to do a sales presentation for a company’s product or other services.You should alr

Definition of personnel management, Problem 1 Explain the importance of...

Problem 1 Explain the importance of Human Resource Management (HRM). What are the objectives and features of HRM? Meaning of HRM Importance of HRM Objectives of HRM

Human resource management - personnel management, For long time people used...

For long time people used the phrase "personnel management" to describe the strategies to make sure that the human resource is used to achieve the business objectives. It was very

Punitive suspension - disciplinary action, Q. Punitive suspension - discipl...

Q. Punitive suspension - disciplinary action? Punitive suspension: under the Punitive suspension the employer prohibits the employee from performing the tasks assigned to him a

Observation - methods of collecting qualitative data, Observation: In ...

Observation: In observation, you are concerned with recording what people do and say. The aim is to come as close as possible to an understanding of "real life". There are thr

Manpower inventory of human resource planning, Q. Manpower inventory of hum...

Q. Manpower inventory of human resource planning? The quantity and quality of the human resources should be stressed in a balanced manner. The emphasis should be on filling fut

Integrated model of hrm, what are the integrated models of human resource m...

what are the integrated models of human resource management?

Foundation level CHRP, rEQUIRE 2000 WORDS APPROX DEADLINE 20TH November

rEQUIRE 2000 WORDS APPROX DEADLINE 20TH November

What is job enlargement and job enrichme, Question 1: (a) Define train...

Question 1: (a) Define training in an Organisation. (b) Why is it important to analyse (i) Business and human resource plan (ii) Job analysis for training needs purp

Employee relations, I. Sam has been in continuous employment with Manup Ltd...

I. Sam has been in continuous employment with Manup Ltd. for 15 years. Last Tuesday he was called to the Manager's Office and verbally informed that he was given 14 days notice for

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