Merricks multiple piece rate system, HR Management

Assignment Help:

Merrick's multiple piece rate system: it is an improvement over Taylor's differential plan. According to this plan, three piece rates for a job are fixed. None of these three piece rates are fixed below the normal level. These three rates are applied in the manner given below:

Merits of Merrick's multiple piece rate system:

1. This plan is liberal for the efficient workers. The workers producing more get their wages at increasing rates.

2. There is also no sudden rise in the wages at one point.

3. It has all merits of Taylor's differential plan.

A demerit of Merrick's multiple piece rate system:

1. The system does not guarantee minimum wages for the workers.

2. There is wide gap in slabs. All workers producing 1 per cent to 83 per cent of the standard output are considered as sub standard workers and are paid at the same price rate.

3. The general criticism levelled again this is also applies to it.


Related Discussions:- Merricks multiple piece rate system

Explain marginal revenue productivity theory, Question 1: i) Using th...

Question 1: i) Using the marginal revenue productivity (MRP) theory explain how wages are determined under both perfect and imperfect competition? ii) Consider a firm is a

Hrm, “Effective Human Resources Management depends upon sound reward system...

“Effective Human Resources Management depends upon sound reward system”. Comment

David Guest , Difference between personnel management and human resource ma...

Difference between personnel management and human resource management

Identifying quantifiable benefits, Question 1: Why are organisations ta...

Question 1: Why are organisations taking an interest in teams and team working? How far would you agree with the argument that the team rather than the individual should be re

Increase efficiency of employees, Q. Increase efficiency of employees? ...

Q. Increase efficiency of employees? Increased efficiency of employees: the efficiency of employees would be high when they are asked to participate in decision making. The com

What are the parts of knowledge subsystem, What are the parts of knowledge ...

What are the parts of knowledge subsystem The knowledge subsystem is designed for a) The  acquisition, b) Creation, storage, c) Transfer and utilisation of knowledge.

Intervention, Organizational Development Intervention Help

Organizational Development Intervention Help

Explain the importance of knowledge management, Explain the importance of k...

Explain the importance of knowledge management Enterprises need expertise in KM to sustain and enhance their competitive advantage of the organisation in an environment of grow

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