Mechanical Engineering - Industrial Engineering and Production Management - Discussion
Discussion Forum : Industrial Engineering and Production Management - Section 3 (Q.No. 30)
30.
If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Halsey 50-50 plan, wages for the job will be
TR
TR + (S - T)R
Discussion:
1 comments Page 1 of 1.
Manjunatha K said:
9 years ago
Halsey plan: under Halsey plan minimum wages are guaranteed to every worker. A standard time is fixed for the workers. If the workers finish the work before the standard time they are given the bonus. But no penalty if they fail to do that.
Total wages (W) = T * R + 50% of (S - T) * R,
Standard time(S) =15 hours,
Time taken (T) = 10 hours,
Rate of wages(R) = Rs .10 per hour,
Bonus (P) = wages of 50% of time saved,
Than wages = 10 * 10 + 50 % * ( 15 - 10) * 10 = Rs 125.
Total wages (W) = T * R + 50% of (S - T) * R,
Standard time(S) =15 hours,
Time taken (T) = 10 hours,
Rate of wages(R) = Rs .10 per hour,
Bonus (P) = wages of 50% of time saved,
Than wages = 10 * 10 + 50 % * ( 15 - 10) * 10 = Rs 125.
(1)
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