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

Describe the different stages of a training needs analysis, Question 1: ...

Question 1: "It is believed that training helps people to acquire the necessary skills to perform their jobs satisfactorily". (a) Briefly describe the different stages of a

Application blanks, Application blanks provide usually have two functions: ...

Application blanks provide usually have two functions: 1. They provide useful information about the employee according to the requirements of the company, such as the age, sex,

Explain horizontle merger, Q. Explain Horizontle merger? Horizontle mer...

Q. Explain Horizontle merger? Horizontle merger: when two or more concerns dealing in same product or service join together, it is kn own as a horizontle merger. The idea benef

What is human resources management, Problem: (a) What is Human Resourc...

Problem: (a) What is Human Resources Management? (b) Analyse and describe at least Two of its most critical functions and show the kinds of implications that they may have

Explain grievance procedure, Q. Explain Grievance procedure? Grievance ...

Q. Explain Grievance procedure? Grievance procedure: the grievance procedure is one of the more important means available for the employee to express their dissatisfaction. It

Show merits of the group incentive schemes, Q. Show Merits of the group inc...

Q. Show Merits of the group incentive schemes? Merits of the group incentive schemes: 1. It creates a collective interest in the work. 2. High output and economical produ

What behavioural elements affecting job design, Q. What Behavioural element...

Q. What Behavioural elements affecting job design? Behavioural elements: behavioural factors have to do with the human needs and the necessity to satisfy them. Higher level nee

Succession planning, what is the importance of succession planning?

what is the importance of succession planning?

Methods to collect information for the job analysis, Methods to collect inf...

Methods to collect information for the job analysis: following methods may be used to collect information for job analysis: Questionnaire: this method is usually used to ob

Effectiveness of human resources management, Effectiveness of human resourc...

Effectiveness of human resources management Effectiveness of the various personnel programmes and practises can be measured or evaluated by means the organization health and hu

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