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 [...]