Question

List any four characteristics of wage employment?

Answer 1

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A good wage system should possess the following characteristics:

(i) Simplicity: The wage system should be easy to understand and simple to operate. ...

(ii) Fair to Employer and Employee: The system should be satisfactory from the point of view of both employer and employees.

Answer 2

The characteristics if wage employment are:-

• Simplicity:- The salary system should be easy to understand and easy to use. A complex system can lead to strikes and riots and can be a barrier to harmonious employer-employee relationships.  
• Quality output:-This plan should encourage employees to not only increase product value but also improve productivity.
• Fair to employer and employee:- The plan should be satisfactory in the opinion of both employers and employees. This plan should encourage employees to not only increase product value but also improve productivity.
• Flexibility:- This type of system is very flexible to adjust with changing circumstances.

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