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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 above the standard o/p or the previous year, the wages of the workers are increased in the same ratio. Thus, if in 1978 the o/p the per (man hour o/p) on the average, 11 units the wages in 1979 would be 10 per cent higher than in 1978.
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There's a vast array of models and approaches available. The list below presents some of those most commonly in use: Balanced Scorecard The Big Picture Business Process
Q. Scientific management to improve efficiency? Scientific management: to improve effectiveness and speed F.W. Taylor advocated scientific management. Scientific management is
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