What are the merits and demerits of time rate and piece rate systems of wage payment? State the…

1. Distinguish between ‘Direct’ and ‘Indirect’ labor cost.

2. What do you understand by ‘labor turnover’? What are the causes for the same? How will you prevent labor turnover in your organization?

3. Distinguish between ‘time keeping’ and ‘time booking’. What are the objectives of ‘time keeping’?

4. Discuss the methods of time booking in detail. Explain the objectives of time booking.

5. Write detailed notes on I] Job Evaluation and II] Merit Rating

6. Explain in detail ‘work study’

7. What are the merits and demerits of time rate and piece rate systems of wage payment? State the situations in which each system is effective and valid.

"Is this question part of your assignment? We can help"

ORDER NOW

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *