Individual Incentive Plan

In this plan earning are related directly to the performance of the individual worker. 

It may be based on Time or Output. 

Under Time-Based Plans- Standard time is determined and a bonus is given if a worker completes the job in less than the standard time. 

Includes- 

• Halsey Plan
• Rowan Plan
• Emerson Plan
• Bedeaux Plan

Under Output-Based Plans- A standard of output is determined and workers producing more than the standard output are given bonuses. 

Includes-

• Taylor Plan
• Merrick Plan 
• Gantt Plan

Note- Also refer to individual plans in detail and Group Plans.