Tag Archives | Wage Payment

Profit Sharing: Definition, Objectives and Advantages

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 [...]

By |2017-02-06T21:13:25+05:30February 6, 2017|Profit Sharing|Comments Off on Profit Sharing: Definition, Objectives and Advantages
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Top 5 Methods of Wage Payment to Employees

This article throws light upon the top five methods of wage payment to employees. The methods are: 1. Time Rate System (Fixed Salary Method) 2. Piece Rate System 3. Salary plus Commission on Sales 4. Profit Sharing System 5. Non-Financial System. Method # 1. Time Rate System: It is a system where wages are paid on the basis of time [...]

By |2016-08-09T07:55:51+05:30August 9, 2016|Employees|Comments Off on Top 5 Methods of Wage Payment to Employees
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