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

Selecion, Name and explain important aspect that should be adhered to when ...

Name and explain important aspect that should be adhered to when making the final selection decision

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

Training and development, training and development pratices are effect...

training and development pratices are effective in development of personnel?

Show the workers participation in the management, Q. Show the Workers parti...

Q. Show the Workers participation in the management? Industry is now considered as a social institution. The management & employees have equal interests in the survival and the

Effective HRM depends upon standard of reward system comment, Effective HRM...

Effective HRM depends upon standard of reward system comment

Technical conference for the job analysis, Q. Technical conference for the ...

Q. Technical conference for the job analysis? Technical conference: in this method the information about the characteristics of the job is collected from the expert usually the

Operation of recruitment, Question 1: Elaborate on the following challe...

Question 1: Elaborate on the following challenges characterizing the new millennium which affect the role of Human Resource Managers in the Public Sector: (i) Demographic c

Rought draft, First review- Midnight Sunday of Unit 6 Final submission- Mid...

First review- Midnight Sunday of Unit 6 Final submission- Midnight Saturday of Unit 8 For your final project, you will be required to create a multimedia presentation about a trai

Functions of the wage and salary administration, Show Functions of the wage...

Show Functions of the wage and salary administration Functions of the wage and salary administration to recommend changes in the wage policies and in the salary of wage level.

Benefits of the needs assessment, Benefits of the needs assessment : this i...

Benefits of the needs assessment : this is not trainees may be informed about the broader needs of the service training group and their sponsoring organizations. The sponsoring org

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