Business Studies, asked by ananditamahani9971, 1 year ago

The method in which payment is made at time rate and varies according to personal qualities of the workers is

Answers

Answered by rehabsadaf
0

hala mate,


Under the scheme, wages are determined according to the time which the worker spends on the job assigned to him it is like the employer buying the employee’s time. This system is also known as Day Work System or Straight Time Rate System of wage payment. The unit of time may range from one hour to one year. Wages are calculated at a pre-determined rate per hour, day, month or a year. The actual earnings due to the worker obviously depend on the time he engages himself with the work given to him. In this system, therefore, the unit of time and the rate are the significant features.


hope it helps!!

Similar questions