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

Describe the different evaluation methods of project funding, Question 1: ...

Question 1: Analyse the benefits one could get from project financing • Allows the promoters to undertake projects without exhausting their ability to borrow amount for trad

Ineffective organizational policies and practises, Ineffective organization...

Ineffective organizational policies and practises: If the sincere appraisal effort put by in a ratter is not suitably rewarded, the motivation to do the job thoroughly finishe

Application, how to create hr application using java

how to create hr application using java

Benefits and challenges of e-recruitment developments, Question 1: ‘The...

Question 1: ‘The internet has caused the largest change to the recruitment landscape in the past decade as a conduct between employees and job seekers. Technology has enabled a

Remuneration, How does remuneration affects your work performance?

How does remuneration affects your work performance?

Company''s training and development strategies, Question : Imagine that...

Question : Imagine that you are the Human Resources Manager for a company which has determined that because of growing international competition it must become a true "learnin

Employee relations, I. Sam has been in continuous employment with Manup Ltd...

I. Sam has been in continuous employment with Manup Ltd. for 15 years. Last Tuesday he was called to the Manager's Office and verbally informed that he was given 14 days notice for

Homework problem, Betty Barenard owns a restaurant that has been opening fi...

Betty Barenard owns a restaurant that has been opening five days a week for many years. Betty is now considering opening a sixth day. To do so would cost an extra $1200.00 for labo

What are your most important accomplishments, What are your most important ...

What are your most important accomplishments Did you help your company make money, save money, save time or become more efficient in any way? Explain how.  Be aware that mos

Why did you leave your last job, Why did you leave your last job (or want t...

Why did you leave your last job (or want to leave your current job) Vision one of the few acceptable reasons: 1. You wanted greater responsibility, 2. More challenge,

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