Advantages and disadvantages of group bonus plan, Cost Accounting

Assignment Help:

Advantages and Disadvantages of Group Bonus Plan

Benefits associated along with group bonus schemes involve

i. It encourages teamwork and cooperation among workers

ii. It decreases absenteeism as an absent worker is found to decrease the group earnings and the group might dislike him

iii. The approach decreases supervision time and cost, hence it is administratively much simpler.

iv. It greatly decreases the number of rates to be negotiated.

v. It might encourage flexible working arrangements in the group.

However it suffers the following setbacks

i. It may not provide a strong incentive to the individual workers, as it is group based.

ii. Less hardworking group members are as same rewarded as the very hardworking ones:  it may reasons demonization in the group.

iii. It is hard to find out each group members' fair, have of the bonus.


Related Discussions:- Advantages and disadvantages of group bonus plan

Draw a payoff diagram, Currently the stock of Backstreet Toys (BT) is selli...

Currently the stock of Backstreet Toys (BT) is selling for $20 per share and the risk free rate is5%. a) Draw a payoff diagram for each of the following 3 portfolios: i. Buy

Job costing, Your company completed the site work for the South Pointe offi...

Your company completed the site work for the South Pointe office complex. The costs are shown in Figure 11-3. The site concrete labor and landscaping were done by subcontractors. T

Create a balance sheet, Igor and Angela were married in 2005, separated in ...

Igor and Angela were married in 2005, separated in 2011, and divorced recently. At the time of marriage, each had some investments and personal assets. They both worked during the

Determining working capital requirements, Understanding the existing capita...

Understanding the existing capital requirements and how these are financed will assist us in understanding the process of financing of business and the flow of funds inside the bus

Student, i asking for start up

i asking for start up

Calculate the opportunity costs, Suppose the Danny can prepare 50 pizzas or...

Suppose the Danny can prepare 50 pizzas or 100 sandwiches in an hour and Steve can produce 15 pizzas or 9 sandwiches. a) Draw each individual's PPF. b) Calculate the oppor

ECONOMICS, #ques Case Study Electron Control, Inc., sells volt...

#ques Case Study Electron Control, Inc., sells voltage regulators to other manufacturers, who then customize and distribute the products to quality assurance labs for

Create the consolidated statement of comprehensive income, Question ...

Question The statements of comprehensive income for three entities for the year ended 30 September 2009 are presented below: SOT PB UV

Explain break-even analysis, Q. Explain Break-even analysis? ...

Q. Explain Break-even analysis? Cost-volume-profit (CVP) analysistracks that how profit changes when there are changes insales price, variable costs, fixed c

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd