Halsey plan wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved.
29) Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved ?
Answer is:
Halsey plan
Explanation:
Related Industrial Engineering MCQ with Answers
Answer is:
is applied to all level of workers
Explanation:
Halsey plan of wage incentive Is applied to all level of workers.
Answer is:
on the percentage of time worked
Explanation:
According to Rowan plan of wage incentive system, bonus is paid to a worker On the percentage of time worked.
Answer is:
whose output exceeds 67 % efficiency
Explanation:
In Emerson's efficiency plan of wage incentive system, bonus is paid to a worker Whose output exceeds 67% efficiency.
Answer is:
Halsey plan
Explanation:
Under Halsey premium plan method, standard time for doing each job or operation is fixed and the worker is given wages for the actual time he takes to complete the job or operation at the agreed rate per hour plus a bonus equal to (usually) one-half of the wages of the time saved.