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.
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