\n\n Bonus<\/span><\/p>\n<\/td>\n | \n Under Halsey plan, the bonus increases steadily with increases in efficiency. <\/span><\/p>\n<\/td>\n | \n Under Rowan plan, the bonus increases upto certain level then starts to decrease.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n Efficiency <\/span><\/p>\n<\/td>\n | \n Under Haley plan, less efficient worker does not get bonus.<\/span><\/p>\n<\/td>\n | \n Under Rowan plan, less efficient worker may get same bonus as a more efficient worker gets bonus.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n Earnings per hour<\/span><\/p>\n<\/td>\n | \n Under Haley plan, when time saved is more<\/b> than 50% of standard time, earnings per hour is higher. <\/span><\/p>\n<\/td>\n | \n Under Rowan plan, when time saved is less<\/b> than 50% of standard time, earnings per hour is higher.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n Quality of output<\/span><\/p>\n<\/td>\n | \n Under Haley plan, the quality of output decreases.<\/span><\/p>\n<\/td>\n | \n Under Rowan plan, the quality of output does not much effect.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n Using <\/span><\/p>\n<\/td>\n | \n Halsey plan is easy to understand and easy to calculate the wages.<\/span><\/p>\n<\/td>\n | \n Rowan plan is difficult to understand.<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n Motivational <\/span><\/p>\n<\/td>\n | \n Halsey plan motivates the employees. <\/span><\/p>\n<\/td>\n | \n Rowan plan discourages the employees.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\u00a0<\/span><\/p>\n\u00a0<\/span><\/p>\n\u00a0<\/span><\/p>\nHere, Amount = Rs = $ = \u00a3 = \u20ac = <\/span>\u20b9<\/span> = Af = <\/span>\u09f3 <\/span>= Nu = Rf = <\/span>\u0dbb\u0dd4<\/span> = Br = P = Birr = Currency of your country<\/span>\u00a0 <\/span><\/p>\nPROBLEM: 5A<\/span><\/b>\u00a0 \u00a0\u00a0<\/span><\/b><\/p>\nDuring first week of January, a worker manufactured 600 articles. He receives wage for a guaranteed 48 hours week at the rate of $50 per hour. The estimated time to produce one article is 5 minutes and under incentive scheme, the time allowed is increased by 20%.<\/span><\/p>\nRequired: Total earnings according to: <\/span><\/p>\n(a) Piecework with guaranteed weekly wages; (b) Halsey plan; (c) Rowan plan<\/span><\/p>\n\u00a0[Answer:\u00a0 (a) $3,000; (b) $2,700; (c) $2,880;<\/span><\/i><\/p>\n* Under incentive scheme = 5@120% = 6 minutes]<\/span><\/i><\/p>\nSOLUTION \u00a0<\/span><\/b><\/p>\nGiven and working note: <\/span><\/i><\/p>\nUnits produced by workers \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 = 600 units <\/span><\/i><\/p>\nGuaranteed work per week \u00a0\u00a0\u00a0\u00a0\u00a0 = 48 hours <\/span><\/i><\/p>\nWage rate per hour \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 = $50<\/span><\/i><\/p>\nTime require for 1 unit \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 = 5 minutes<\/span><\/i><\/p>\nUnder incentive scheme \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 = 5@120% \u00a0 = 6 minutes<\/span><\/i><\/p>\n\u00a0<\/span><\/b><\/p>\nPiece work with guaranteed weekly wages<\/span><\/b><\/p>\n1 unit needs = 6 minutes<\/span><\/i><\/p>\nUnits produced in 1 hour (60m) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 = 60m \u00f7 6m \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 = 10 units <\/span><\/i><\/p>\nTime\/wage rate per unit \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 = $50 \u00f7 10 units \u00a0\u00a0\u00a0 = $5<\/span><\/i><\/p>\nNow,\u00a0 <\/span><\/p>\nTotal wages\u00a0 <\/span><\/p>\n | | | | | |