Question

Which is more advantageous;to pay wages according to the amount of work done or according to power. Explain?

Answer 1

Answer:

The following points highlight the top three methods of wage payments. The methods are: 1. Time Rate System 2. Piece Rate System 3.

...

Demerits of Time Rate System:

Need of Intensive Supervision: ...

Lack of Incentive: ...

Encouragement of Labour Unions: ...

Misuse of Time by Workers: ...

Fall in the Quantity of Production:

Answer 2

Answer:

It would be more advantageous to pay wages according to power, however it depends on the amount of work been done.

pay wages according to power, however it depends on the amount of work been done. Explanation:

• What is being done will have a significant impact on it. Consider security guards who may show up for the entire shift doing nothing more than watching for fires as an example of a profession with no output.
• In other instances, a person can arrive and spend the entire day attempting to repair a huge piece of equipment.
• The machine might still be broken in the end, but I still think they should get paid. Paying for output has several advantages, especially if it is simple to measure that production.
• Power is Work done per unit time. So, it is measuring efficiency. Thus, if we are paying according to the power, then we are paying on the efficiency and that is more fair and advantageous for the company, as it will be helping in meeting deadlines.
• On the other hand, if we are considering to pay according to work done,then we are paying of effectively, in however time the work is done,it doesn't matter.
• But in this competitive word, meeting deadlines is what is needed to win the race.
• Hence, paying according to power will be more advantages.

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