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.
33) Which of the following wage incentive plan is applied to all workers ?
Answer is:
Halsey plan
Explanation:
Related Industrial Engineering MCQ with Answers
Answer is:
Emerson's efficiency plan
Answer is:
group incentive plan
Explanation:
Group Incentives/Team based Compensation Under individual incentive system workers are paid on the basis of their personal performance.
Their wages will be directly linked to their efforts.
A worker may improve his remuneration by raising the level of output.
Answer is:
one half
Explanation:
Both Rowan plan and 50-50 Halsey plan will provide the same earning when the actual time is One-half the standard time.
37) The factors which are to be considered while developing a good wage incentive plan will include.
Answer is:
all of these
Explanation:
The factors which are to be considered while developing a good wage incentive plan will include
* adequate incentive
* ease of administration
* guaranteed basic pay