Mechanical Engineering - Industrial Engineering and Production Management - Discussion

Discussion Forum : Industrial Engineering and Production Management - Section 1 (Q.No. 38)
38.
Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved?
Halsey plan
Gantt plan
Rowan plan
Emerson's efficiency plan
Answer: Option
Explanation:
No answer description is available. Let's discuss.
Discussion:
5 comments Page 1 of 1.

Rashid Khan Kakar said:   1 year ago
Standard time is set for production if the worker completes the job in this specific time will be paid guaranteed time rate if it completes the job less then the standard time will be paid bonus 30 to 50 % of time saved.

Suraj said:   4 years ago
The formula is T*R + (S-T) %* R.

Lucky said:   6 years ago
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.

Harendra singh said:   7 years ago
Salaries are denoted by wages in I.E.

Jeevaa said:   7 years ago
What is mean wages?

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