Read this article in Hindi to learn about the merits and demerits of piece rate wage system. कार्यानुसार मजदूरी भुगतान प्रणाली के लाभ (Merits of Piece Rate Wage Method): इस प्रणाली के निम्नलिखित लाभ हैं: 1. श्रमिकों को प्रोत्साहन (Incentive to Workers): श्रमिकों को इस प्रणाली में अधिक कार्य करने के लिए प्रोत्साहन मिलता है क्योंकि इसमें मजदूरी का वितरण [...]
After reading this article you will learn about:- 1. Definition of Profit Sharing 2. Objectives of Profit Sharing 3. Methods 4. Advantages 5. Limitations. Definition of Profit Sharing: Profit sharing schemes may effectively supplement other incentive plans. Profit sharing is a scheme to augment the compensation of workers through the sharing of profits of the company. Profit sharing may be [...]
After reading this article you will learn about the incentive schemes for indirect workers:- 1. Incentive Scheme for Labourers, Crane Operators, Set-Up Men, Maintenance Men 2. Incentive Scheme for Supervisory Staff 3. Incentive Scheme for Managerial Staff. Incentive Scheme for Labourers, Crane Operators, Set-Up Men, Maintenance Men, etc. (a) They can be given the same or half the incentive what [...]