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Archive | Wage

Time Wage: Meaning, Features, Advantages and Disadvantages

After reading this article you will learn about:- 1. Meaning of Time Wage 2. Chief Features of Time Wage 3. Conditions Favouring 4. Advantages 5. Disadvantages. Contents: Meaning of Time Wage Chief Features of Time Wage Conditions Favouring Time Wage Advantages of Time Wage Disadvantages of Time Wage 1. Meaning of Time Wage: Time Wage […]

Wage Incentive Plan: Meaning, Requirements and Components

After reading this article you will learn about:- 1. Meaning of Wage Incentive Plan 2. Requirements of Wage Incentive Plan 3. Characteristic 4. Chief Objects 5. Components. Contents: Meaning of Wage Incentive Plan Requirements of Wage Incentive Plan Characteristic of Wage Incentive Plan Chief Objects of Wage Incentive Plan Components of Wage Incentive Plan 1. […]

Top 13 Essentials of a Sound Wage Plan for Workers

This article throws light upon the top thirteen essentials of a sound wage plan for workers. Some of the essentials are: 1. Equitable to All 2. Fair and Adequate Compensation 3. Simplicity, Certainty and Flexibility 4. Incentive Wages 5. Merit Rating 6. Minimum Guaranteed Earnings Base Rate 7. Easy Collective Bargaining 8. Wage Control 9. […]

Piece Wage System: Meaning, Advantages and Disadvantages

After reading this article you will learn about:- 1. Meaning of Piece Wage System 2. Features of Piece Wage System 3. Conditions Favouring 4. Advantages 5. Disadvantages. Contents: Meaning of Piece Wage System Features of Piece Wage System Conditions Favouring Piece Wage System Advantages of Piece Wage System Disadvantages of Piece Wage System 1. Meaning […]

Wage Incentive Plans: Objectives, Advantages, Limitations and Types

Wage Incentive Plans: Objectives, Advantages, Limitations and Types! Wage incentive refers to performance linked compensation paid to improve motivation and productivity. It is the monetary inducements offered to employees to make them perform beyond the acceptance standards. (more…)

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