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

Operation analysis, Operation analysis: focuses on the task or job regardle...

Operation analysis: focuses on the task or job regardless of the employee doing the job. This analysis includes the determination of the worker must do the specific worker behaviou

#title.HRM., EFFECTIVE hrm depends upon sound reward system, comment

EFFECTIVE hrm depends upon sound reward system, comment

Reward management, detail out issues a reward strategy should deal with

detail out issues a reward strategy should deal with

NEW HRM Techniques , HR is now becoming the major department of almost all ...

HR is now becoming the major department of almost all types of organizations i want to know is HR also equiped with new techniques with the passage of time and what are new techniq

Measurement of power, Q. Measurement of power i A wattmeter is an instru...

Q. Measurement of power i A wattmeter is an instrument with a potential coil and a current coil so arranged that its defiection is proportional to VI cos θ, where V is the volta

Importance of management development or training, Question 1: Criticall...

Question 1: Critically discuss the major functions of the HR Management. Elaborate your answer with appropriate examples. Question 2: a) Explain the need and importanc

Effective utilization of human resource, Q. Show Effective utilization of h...

Q. Show Effective utilization of human resource ? This data base is also useful for identifying surplus and utilized human resource and resources. In times to of downsizing or

What are the goals of human resource development, Q. What are the Goals of ...

Q. What are the Goals of human resource development? Goals of human resource development: there are specific goals for human resource development to achieve in an organizatio

Recruitment and training of sales professionals, Question: (a) The im...

Question: (a) The importance of sales objectives is to give the sales person goals. This helps ensure that corporate goals are met and assists sales force members to plan and

What is employee specification, Q. What is employee specification? Empl...

Q. What is employee specification? Employee specification: some items of the employee specification information are target for criticism. It is criticized that the privacy of t

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