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

Organisational support - training, There is a widespread inaccurate assumpt...

There is a widespread inaccurate assumption that people know how to work in teams. It is all too common that organisations implement teams without providing training for employees.

Case discussion methods, Q. Case discussion methods? Case discussion me...

Q. Case discussion methods? Case discussion methods: under this method a real or hypothetical business problem or situation demanding solution is presented to the group and mem

Beer et al 1984 Harvard map, Hello sir/madam I need some help on my essay r...

Hello sir/madam I need some help on my essay regarding harvard map of beer et al 1984. Evaluation is required of thsi harvard model and comparison to other models, especially with

Section process, diagram showingthe five steps of the selection process

diagram showingthe five steps of the selection process

Why organisational culture are important for management, Question 1: (a...

Question 1: (a) Managing an organisation effectively requires that a performance management system is in place. Critically discuss the key requirements for an effective perfor

Uses of the job description, Uses of the job description: job descript...

Uses of the job description: job description has several uses such as: 1. Preliminary drafts can be used as a basis for the productive group discussion, particularly if the

What are the advantages and disadvantages of arbitration, Question: (A...

Question: (A) Section 63 of the Employment Relations Act 2008 provides as follows: "The parties to a labour dispute may jointly refer such dispute for voluntary arbitration t

Least cost selection (lcs) of consultant, Least Cost Selection (LCS) In...

Least Cost Selection (LCS) In the previous section you learnt that FBS is used when the budget is fixed hence the consultant who has submitted the highest ranked proposal withi

HRM, Discuss that technological breakthrough has brought radical changes in...

Discuss that technological breakthrough has brought radical changes in HRM

Purpose of compensation management, Purpose of compensation management: ...

Purpose of compensation management: Attracting and retaining personnel: from organizational point of view, the compensation management aims at attracting and retaining right pe

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