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Which of the following incentive plans ensures a part of the...

This question belongs to Mechanical Engineering Industrial Engineering And Production Management
Industrial Engineering and Production Management
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Which of the following incentive plans ensures a part of the swing to the worker and rest to the employer?

Answer & Solution
Correct Answer: Option C
Halsey premium plan method, standard time for doing each job or operation is fixed and the worker is given wages for the actual time he takes to complete the job or operation at the agreed rate per hour plus a bonus equal to (usually) one-half of the wages of the time saved
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