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Explain Four Major Differences Between Halsey and Rowan Plans of Incentive. - Business Studies

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प्रश्न

Explain four major differences between Halsey and Rowan plans of incentive. 

फरक स्पष्ट करा

उत्तर

Basis Halsey Plan Rowan Plan
1. Understandability It is simple to understand and calculate wages. It is difficult to understand.
2. Bonus calculation Bonus is fixed percentage of time saved. bonus is the proportion between time saved and standard time-bonus varies.
3. Danger of over payment There is a danger of over-payment of bonus when the rate is not fixed. There is no danger of over-payment of bonus when the rate is not fixed.
4. Formula 

(Time taken × Hourly rate)+ `"Time saved"/2 xx "Hourly rate"`

(Time taken × Hourly rate) + `("Time saved"/"Standard time" xx "Time taken" xx "Hourly rate")`
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Factors Influencing Motivation
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2016-2017 (March) Set 1
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