Rowan premium plan, HR Management

Assignment Help:

Rowan premium plan: it is widely used in the England. It was introduced by James Roman of David Rowan and sons, Glass raw in 1901. It is modification in the Halsey plan. The premium is calculated on a per cent of wages for the time worked and not for the time saved.

Merits of Rowan premium plan:

1. The total bonus earned does not does not increase in the same proportion in which the efficiency increases and thus there is no possibility of over speeding.

2. There is less cost of supervision.

3. The plan is good for beginners and learners.

4. There is no inducement to the worker to rush through the work.

Demerits of Rowan premium plan:

1. No difference id made b/w efficient and inefficient worker.

2. It is difficult for the workers to understand.

3. As the time saved increases (or efficiency increases), the bonus will be a decreasing proportion.


Related Discussions:- Rowan premium plan

Methods of selection of consultants, Methods of Selection of Consultants ...

Methods of Selection of Consultants We discussed about the steps involved in the procurement of consultant in previous section. We will now discuss the methods of selecting con

Recruitment & selection, Ask question #Minimum 100 words when recruitment p...

Ask question #Minimum 100 words when recruitment process ends & selection process starts

Human resource management, discuss the social security measures available ...

discuss the social security measures available to workers in india

Need for testing, Need for testing: every organization should provide trai...

Need for testing: every organization should provide training to the all employees irrespective of their qualification, skill, and suitability for the job etc. Training is not some

Challenges related to hr, With Suresh gradually taking the reins of the com...

With Suresh gradually taking the reins of the company, Saman decided to take his first long vacation in years and go to India for a month in January 2009. What he found surprised h

Effective policy for ensuring good recruitment, The human capital is one of...

The human capital is one of the most important assets that the organization should invest in. Wright and McMahan quoted that Becker defined the Human Resource as "the knowledge, in

Show factors influencing employee remuneration, Q. Show factors influencing...

Q. Show factors influencing employee remuneration: 1. Labour market: demanded for and supply of labour influence wage salary fixation. A low wage may be fixed when the supply o

Explain the term human resource management, QUESTION People are one of ...

QUESTION People are one of the main factors that contribute towards the success of an organization. However, human resource will only become a competitive advantage if they are

Risks involved, what are the risks involved in moving from a project - cent...

what are the risks involved in moving from a project - centric mode to a mix of projects and products?

Distinction between job description and job specification, Distinction betw...

Distinction between job description and job specification: both the documents job description and job specification are the products of the job analysis. But both job description a

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