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

HR Management, If you are working in a super market, what techniques/ tools...

If you are working in a super market, what techniques/ tools you will use in data collection. How are you going to analysis the data and make inferences? How will you finally apply

Smoking and obesity., how would you give direction to an individual that is...

how would you give direction to an individual that is seeking information on new policies on smoking and obesity nimum 100 words accepted#

Need of workers participation in management, Q. Need of workers participati...

Q. Need of workers participation in management? Improve communication: it is seldom possible for managers to have knowledge of all alternatives and all consequences related to

Guest model, evaluate the guest model in relation to the morden organisatio...

evaluate the guest model in relation to the morden organisation

What do you mean by core interview, Q. What do you mean by core interview? ...

Q. What do you mean by core interview? Core interview: it is normally the interaction between the candidate and the line executive or experts on various areas of job knowledge,

Direct impact on public sector hrm, Question 1: "Major socio-economic c...

Question 1: "Major socio-economic challenges are confronting Governments and posing serious questions about the sustainability and integrity of key aspects of public sector hu

Panel interview, Panel Inter view Panel interview is a situatio...

Panel Inter view Panel interview is a situation in which the candidate is interviewed by more than one recruiter at the one time.

Explain the recruitment process, Q. Explain the Recruitment process? ...

Q. Explain the Recruitment process? Recruitment process: Recruitment is a process consisting of various activities, through which search of prospective personnel both

Filing methods, Filing methods : The conventional methods of filing (like ...

Filing methods : The conventional methods of filing (like metal holders, bound or guard books, box filing) are not of much use. Now a days there are (1) Horizontal filing (2) Vert

Role of team leader, The team leader's role is to manage this process and e...

The team leader's role is to manage this process and ensure smooth transitions from one stage to the next. Team-building workshops and interventions are often aimed at working thro

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