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प्रश्न
Distinguish between Piece rate system and Time rate system of remuneration on the following basis:
- Quality of work
- Wastage of resources
- Attitude of Trade Unions
- Weightage to efficiency
उत्तर
| Basis | Piece rate system | Time rate system |
| Quality of Work | Employees are paid based on the number of units they produce or tasks they complete. | Employees are paid based on the amount of time they work, regardless of the quantity of output. |
| Wastage of Resources | Payment is linked to output, incentivizing employees to produce more. | Payment is based on time worked, not output. |
| Attitude of Trade Unions | Earnings depend on individual performance. | Earnings are stable and based on time worked. |
| Weightage to Efficiency | Directly rewards the number of units produced. | Rewards the amount of time worked rather than output. |
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संबंधित प्रश्न
Answer briefly the following questions:
List any two conditions where time-rate system of wage payment is most suitable.
Answer the following question:
State two conditions where the piece-rate system is most suitable.
State any three advantages and any three disadvantages of the Piece rate system of wage payment.
Answer the following question:
Explain the time rate system of wage payment.
Differentiate between the wage incentive plans given by Halsey and Rowan.
Answer the following question:
State and explain any two advantages and two disadvantages of the time rate system of wage payment.
Explain the piece rate system of wage payment.
State any three merits Piece Rate System.
State any three demerits Piece Rate System.
Assertion: Piece Rate system of wage payment is suitable when the work is repetitive in nature and the output can be measured.
Reason: Piece Rate system can cause insecurity among the workers as minimum wage is not guaranteed.
