Question

employee cost is contained in 1.IAS 2 2. individual bonus plan 3.CAS 7 4. time rate system​

Answer 1

Answer:

The remuneration paid to employees should reduce labour turnover, increase productivity of employees and improve the quality of output.

There are two basic methods of wage payment:

(1) Payment made on the basis of time spent by the workers in the factory irrespective of output produced.

(2) Payment of wages on the basis of production or work done irrespective, of time taken by the worker.