Differential Piece Wage Plan

Differential Piece Wage Plan - d. This system is a source...

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Differential Piece Wage Plan a. This tech of wage payment is based on efficiency of worker. b. The efficient workers are paid more wages than inefficient one. c. On the other hand, those workers who produce less than standard no. of pieces are paid wages at lower rate than prevailing rate i.e. worker is penalized for his inefficiency.
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Unformatted text preview: d. This system is a source of incentive to workers who improving their efficiency in order to get more wages. e. It also encourages inefficient workers to improve their performance and achieve their standards. f. It leads to mass production which minimizes cost and maximizes profits....
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