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Q. What do you mean by Halsey system?
Halsey system: under the Halsey system, standard time is fixed for the completion of a job and the rate per hour is then determined. If the worker takes the standard time or more to complete the job, he / she gets paid at the time rate. In the other words, time wages are guaranteed even if the output of the worker is below standard. Where the work is done in less which is calculated "at or as a specific per cent of the saved time. The percentage varies from 30 to 70 per cent. The usual share is 50 per cent, the remaining going to the employer. Suppose a worker gets his wages paisa per hour. He finished his work in 15 hours for standard hours. Thus he saved 5 hours. He will get a total wage of Rs. 10.50.
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RECORDS : Records means "any written matter or document prepared for possible future uses". It may be in the form of a letter, notice, circular, invoice, voucher, picture, chart,
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diversity in HRM
Effective HRM depends upon sound reward system
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