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

Selection, what is the definition of selection?

what is the definition of selection?

Show indirect methods of requirements, Q. Show Indirect methods of requirem...

Q. Show Indirect methods of requirements? Indirect methods: Indirect methods involve mostly advertising in the newspaper, on the radio, in trade, technical and professional j

Strategies for the human resources planners, Q. Explain Strategies for the ...

Q. Explain Strategies for the human resources planners ? For this purpose, Strainer recommends the following strategies for the human resources planners. 1. They should coll

Resume banks, Resume Banks Resume bank is a posting opportunities to en...

Resume Banks Resume bank is a posting opportunities to enter your resume into a database which is reviewed through employers. Costs range from free to as high as $100 for a lim

Induction programme, Design an induction programme for the job you describe...

Design an induction programme for the job you described in Task 1 and relate the programme to the type of organisation in which the job exists. The programme will include: i)

Explain the roles of e-hrm, Question 1: (a) Show the impact of the ...

Question 1: (a) Show the impact of the Internet and web-based technologies on the different human resource management functions in organisations. (b) What are the cri

HRM, Effective HRM depends upon sound reward system

Effective HRM depends upon sound reward system

Explain tower plan, Q. Explain Tower plan? Tower plan: the objective of...

Q. Explain Tower plan? Tower plan: the objective of this plan is to encourage cost reduction by foreman and workers. However, bonus is paid from a reduction in labour cost alon

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

Observation - methods of collecting qualitative data, Observation: In ...

Observation: In observation, you are concerned with recording what people do and say. The aim is to come as close as possible to an understanding of "real life". There are thr

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