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Determine the worth of a job using point method

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1. Actual production: 350Number of hours worked: 10Rate per hour: $7Per unit payment: $0.20Standard Production: 350Considering the above information, calculate the following information using straight piecework incentive method i. Total payment ii. Per hour standard of production iii. How did manager determine the rate of per unit payment?

2.Briefly explain the difference between performance appraisal and performance management. How would you define 360 deggree feedback.

3.In Square Group, employees are entitled with gratuity if they serve at least 3 years as a regular employee. yearly increment is 10%. If the employee quits the job after 06 years of service what will be the gratuity amount? Assume that he started his job with a basic tk 25,000 and with no probation period.

4.Briefly explain how would you determine the worth of a job using point method?

Reference no: EM133010039

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