Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved? - Industrial Engineering and Production Management Quiz

Mechanical Engineering : Industrial Engineering and Production Management - Quiz(MCQ)

Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved?

Halsey plan

Gantt plan

Rowan plan

Emerson's efficiency plan

Correct Answer : Option (A) : Halsey plan

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