Advantages of piece wage system, HR Management

Assignment Help:

Advantages of piece wage system:

1. It pays the work man according to his efficiency as reflected in the amount of worth turned out by him. It satisfies an industries and efficient worker, for he finds that his efficiency is adequately rewarded. This gives him a direct stimulus to increase his production.

2. As the direct labour cost per unit of production remains fixed and constant, calculation of costs while filling tenders and estimates becomes easier.

3. The total cost labour per unit of production comes down with a larger output because the fixed overhead burden can be distributed over a greater number of units.

4. It requires less supervision because the workers as themselves in hurry to do all.

5. It avoid frequent industrial disputes which otherwise are inevitable.


Related Discussions:- Advantages of piece wage system

Ethics.., Discuss in scholarly detail what managers can do to increase the ...

Discuss in scholarly detail what managers can do to increase the probability that ethics training influences organization members to act ethically over time?

Radical changes in HRM, Discuss that technological breakthrough has brought...

Discuss that technological breakthrough has brought radical changes in HRM .

Merits and demerits of vestibule training, Q. Merits and Demerits of Vestib...

Q. Merits and Demerits of Vestibule training? Merits: a. Trainees are less districted as the training is imparted in a separate room. b. Effective utilization of a traine

Relationship between three types of team processes, The most recent researc...

The most recent research on team processes argues that during its life a team moves between two time-phases. During the transition phase teams plan or evaluate their activities, to

benefits of carrying out performance appraisal, What are the benefits of c...

What are the benefits of carrying out performance appraisal in organisations

Sound reward system, effective human resource management depends upon sound...

effective human resource management depends upon sound reward system

Positional bargaining, Positional Bargaining It is an approach to negot...

Positional Bargaining It is an approach to negotiation in which each side takes a position, argues for it, and makes concessions to reach a compromise.

HRM concept, What are the development phase of Human resources management c...

What are the development phase of Human resources management concept?

Illustrate selection process, Selection: it is the process of ascertaining...

Selection: it is the process of ascertaining the qualifications, experience, skill knowledge etc of an applicant with a view to appraising his or her suitability to a job appraisi

Disadvantages of bars, Disadvantages of BARS: a. It is very time consum...

Disadvantages of BARS: a. It is very time consuming and expensive to develop BARS for the every job. b. Behaviours used are more activity oriented than result oriented. Seve

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