Explain accelerating premium system, HR Management

Assignment Help:

Q. Explain Accelerating premium system?

Accelerating premium system: there are the systems which provide for a guaranteed minimum wage for output below the standard. For the low and average increases in the o/p above the standard small increment in earnings are allowed. Increasingly large earnings are conceded for above average o/p, the increment being different for each 1 per cent increase in the o/p. Very significant in earnings are given for really high o/p. In this system, the production is pushed up higher and higher by discouraging low o/p and rewarding at an increasingly effective rate higher o/p. Such schemes are generally adopted when much higher o/p that what are currently obtained are to be achieved.


Related Discussions:- Explain accelerating premium system

Case study, Managers’ and HR professional at Sands Corporation: Friends or ...

Managers’ and HR professional at Sands Corporation: Friends or foes?

Global level of of training needs, Q. Global level of of training needs? ...

Q. Global level of of training needs? Global levels: this is the highest level of generalization in respect of training and development needs. A global worldwide view tends to

Describe the assessment centre method of selection, Question: Read the ...

Question: Read the following carefully and answer the questions which follow: One large employer requests CVs from applicants, and, on the basis of these, invites a selected

Tool of selection, how many tools are their for recuite the employee.

how many tools are their for recuite the employee.

Monetary and non monetary rewards - incentives, Q. What do you mean by Mone...

Q. What do you mean by Monetary and non monetary rewards? Monetary and non monetary rewards - incentives: the term incentive means an inducement which rouses or stimulates one

Delegation, with the aid of a diagram, discuss the process of delegation

with the aid of a diagram, discuss the process of delegation

Taylors differential piece rate system, Q. Taylors differential piece rate ...

Q. Taylors differential piece rate system? Taylor's differential piece rate system (developed by the F W Taylor in the 1880): there is a low rate or for the o/p below the stand

Important principles in the maintenance of discipline, Ms.Varuna Agarwal is...

Ms.Varuna Agarwal is the HR Manager of Milestones Pvt Ltd.  She wants to ensure that employee discipline is well maintained. What are the important principles that have to be obse

Leadership-human resource management , Leadership Leadership is an infl...

Leadership Leadership is an influence process directed at shaping the behaviour of others. When they lead managers seek to make (influence) their subordinates to willingly foll

OPERATION RESEARCH, A paper mill produces two grades of paper viz., X and Y...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

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