When is Time wage system used?
#1
What are circumstances under which Time wage system can be used?
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#2
The Time wage system may prove to be ideal in following cases:
(1) Where supervision is close as in small concerns.
(2) Where quality is more important than quantity e.g., tool making.
(3) Where measurement of work is not simple or not possible.
(4) Where production has to pass through different stages in which case delays and interruptions are inevitable.
(5) Where specialised skills are required to perform the job.
(б) Where increase in the volume of production is beyond the capacity and capability of worker.
(7) Where nature of job changes frequently.
(8) Where a worker is learning a job.
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