Rowan Plan

• Rowan Plan is an Individual incentive plan and modified from Halsey Plan. 
• It is developed by James Rowan.
• Under this plan, a minimum time wage is guaranteed to every worker. A standard time is determined in advance. The Bonus is the proportion of the wages which the time saved bears to the standard time. 

Merits

• Sense of security for workers due to guaranteed minimum wages.
• Both employer and employee share the benefit of time saved.
• Bonus is on Diminishing Rate if the worker saves more than 50% of standard time. Hence helps to check against over speeding and deterioration in quality. 

Demerits

• A Bit complicated plan for average workers
• Efficient workers are discouraged to save more than half of the standard time.