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Question
Explain four major differences between Halsey and Rowan plans of incentive.
Distinguish Between
Solution
| 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
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