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

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

discuss the social security measures available to workers in india

Hard and soft hrm, what are the advantages and disadvantages

what are the advantages and disadvantages

Discuss the evolution of human resource management, Question 1: (i) El...

Question 1: (i) Elaborate on the dissimilarities between human resource management and personnel management. (ii) Take any organisation of your choice, discuss the suitab

Code of the discipline, Code of the discipline: The Code of the discip...

Code of the discipline: The Code of the discipline defines duties and responsibilities of employees and workers. The objectives of the code are: 1. To ensure that employers

How cultural environment affect HRM practies, discuss how cultural environm...

discuss how cultural environment effects human resource management

Project starting date, hi, my employee joined in 2012 i want to know my emp...

hi, my employee joined in 2012 i want to know my employee exact starting date. how can i send a mail to him???

Objectives of career development, Objectives of career development: career...

Objectives of career development: career development theories and decision making models: 1. Career development theories career, vocation, educational, occupational and labour

Principle of management, with the aid of diagram discuss the process of del...

with the aid of diagram discuss the process of delegation

HR Audit, What is the right time to do HR audit? Is it necessary to do the...

What is the right time to do HR audit? Is it necessary to do the HR audit once in a year or twice? Who will be there in the committee to do the audit work? Any specific guideline

Explain the term Occupational Hazard, Question 1: (a) Clearly explain t...

Question 1: (a) Clearly explain the term ‘Occupational Hazard'. (b) One of the ways of dealing with hazards at the workplace is by reducing unsafe acts through proper Hazard

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