Tag Archives | Labour

Top 8 Types of Incentive Wage System | Labour Economics

Incentive wage systems are the following types: 1. Halsey Premium Plan 2. Rowan Premium Plan 3. Taylor Differential Piece Rate System 4. Gantt Bonus Plan 5. Emerson Efficiency Plan 6. Bedaux Point Premium 7. Merric Differential Wage Multiple Piece Rate Plan 8. 100% Bonus Plan. Type # 1. Halsey Premium Plan: This plan known after F.A. Halsey is also called [...]

By |2017-11-09T17:38:53+05:30November 9, 2017|Wage System|Comments Off on Top 8 Types of Incentive Wage System | Labour Economics

Top 3 Methods of Wage Payment | Production | Economics

The following points highlight the top three methods of wage payments. The methods are: 1. Time Rate System 2. Piece Rate System 3. Incentive Wage System. Method # 1. Time Rate System: Under this method of wage payment, the workers are paid the wages on the basis of time. In this system of wage payment, the workers are paid the [...]

By |2017-11-09T17:38:53+05:30November 9, 2017|Labour|Comments Off on Top 3 Methods of Wage Payment | Production | Economics

Factors Affecting the Supply of Labour | Production | Economics

In every economic field the market of labour is affected by the demand and supply powers. The supply of labour is considered on the basis of population, different age groups, participation of sex ratio and their education. Supply of labour is related with that quantity and rate at which the labourers are ready to work. According to Rees following are [...]

By |2017-11-09T17:38:53+05:30November 9, 2017|Supply of Labour|Comments Off on Factors Affecting the Supply of Labour | Production | Economics
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