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.
- 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.
- Taylor Plan
- Merrick Plan
- Gantt Plan
Note- Also refer to individual plans in detail and Group Plans.
Tag:11accounts, 11commerce, 11economics, 11thcommerce, 12accounts, 12commerce, 12economics, 12thCommerce, Accounts, BComAccounts, BESTCOMMERCEANDACCOUNTANCYPLATFORM, CAFinalAccounts, CAfoundation, CAfoundationAccounts, CAfoundationEconomics, CAfoundationLaw, CAHARSHITA, CAInterAccounts, commerceachiever, commerceoptional, Economics, economicsclass12, GST, incometax, Individual Incentive Outcome Based Plan, Individual Incentive Plan, Individual Incentive Time based Plan, MComAccounts, NCERT, ncertcommerce, tax, UGCNETCommerceOptional, UPSC COMMERCE OPTIONAL BOOKS, UPSC Commerce Optional Material, UPSC Commerce OPtional Previous Year Paper Solution, UPSC Commerce Optional Previous Year Papers, UPSCcommerceOptional, UPSCoptional, USE COMMERCE OPTIONAL PDF, wage incentive plan