INDIVIDUAL InceNTIVE PLAN
Taulax's dtlsential Peca Rate Sstem:
lhee ae two wTk rafc3 , gne is louwex
amd tne other is hiaher.
hose who eathte Stanodod atpot
ase gien a higher piece ate Tne
lawer rae is applicableto those
LCoykess Whose atputE s bebw Stmdods.
he Stmdad s dekmmined b time *
mtionStdy
2. Menick 's_Mulfiple Piece Rak. stom
ne Systemis also kased on the
princple of law piece att jr Sla
wnkes md hgher ie ce a t f
Aiahey pmcluctim,b s t it offess thsee
a d e piece nates înstead ot00.
837. stmdasd p>0dinap pke r=
83 toJoo7 Stemolasd op>1io7, linopls
Abve1o07.f Semdard sP -2120ZrlinrpPl.
elasshuté
Halse Plan (Stzndas Ha Plon)
Pays ncentive on the Casis ofthe
me Saved.
Stmlasa tme ixed f each
job
t h e so s Completed in less
than the Stmdasol time, he
LOSkes ae paid încentive
. Rm_Plan:
Similato Halseyplan Ond
only-lsence s inthe methool o
dtesminaim ncRntivVe
Time Saved is xprezsed as a
pescentege a the me allaued md
hay_sak a încseased b
Hat pesceutag
taf eomng = totl ho. a hav
elassMAte
X
Tncsased hsys uwageg
._mit Task amd Bonus Plm
The plan Combines time, piece and bnus
Systeme
xectme ats ase 2UaHanked
Obeacling tne Standard oo task a
20% bnus was 2iven md abae it,
Piece IAtES are paidd
Time wages 91am ted amd this
a
preyen H dscaUr GiNG_ he neuw uke,
Bedeau S
minukB
6.t e a x P m
-Also caliod nits oo potS43tEm
Gvasanmkes a minmom bage_ujage
Uncles is_plam time eath_joh
Teclwceo/ to mnueg
ne wnker who Cmplek. tne joo wtiin
SHemclasd fme aoe paid at a nomal tint,
Tase
jo in103s inae
ar
who emplek Hu
Trose 6lg e
Pa nUS . jre banu aid is 7S%
wa
Mnott: Monil
7. Haynes mant Pm:
Manit Stmds mm- minut
The bonus is only 50.
again3
as
755Z tnu BedeawX plm. he
Demainin9 501, 1ob7. mus is paid
to Supeyis3 omd 407 s setained
by the employes.
b
8. Emersm's EHideny Plm
Ondes this plom when the epcieny
the u2kers seaches 67, he el
onus at he ven ake
Inesatk hamus inreageg_
23adually fm 671 to 1001 fiieng.
Abae oo mus uil be a t
20 tne easic bat plus 1 f
each 1 Încreax in_ eficien
clasSMAte
GRUP INCENTIVE PLAl
1. Pmdwctiom Bu
Undes the plon, Sfamdasc s ixed
in tems o unis o r pin.I tne
actual autput exceecds tnu Stemdasd,
tne wonkess Oil veceve bug n
PDpnim to the încseae.
2Ithe athual cast pocuction slauwer
tham tne Standlaxcl Cz3
A baus whose mneH Value 9
a percentage t n e Cast redeim s ni
Hese the wGnkess Shald be ah
o influen Such cost educAm wtki
hasd uing in matemalafuels lubicot
3. Scomlam Plm
Desiamed to înualue the
uWkers n making Sg9estims
The DRcducing the caat opexations no
is
suga34in eeived emplcyes
Screened md
eualuatd o Camniee. Shannghe gains incrresed poductv
tne Suaaeston mplemented omotSecoful,
he emplaxes
md the aln usually Sharr 75h t h Sans,A
isset asfde f
classMate classmate
months in which jabyu ne
Cos 5 exceeod Stemoaud CoS
4.Reductiom in lahnT Casi
The main dbjective is to bring
abat Cost elucATm b Supervisos3
md uatkers Bnuss paid upm
decu CHm in labar co3t alme.
ORaaNSATION TDEIncEaITIU PLAh
Jhe emplzyees aseDeuasded on-the bazis
he Suce3s he oDAmRatHm ae a
9pecifed time peod. hosepoms develop
a Sen ekmgingneR, Ca-opesodiom
nadestamdin _md teamuOIKk m n 9
employe
1.Prpit Shanng i Parpht sShaing înuslves the
deleminotim amzafms
P tat he endof the finamual geq
omo the cistibuhm of apescenteg
tan a h s to empkyees, qUaied tp Sha
h e eamings l o enakle h uInkess
to pacpoik in Prait Sharrg,tney ar
Dequyeo to uMk a cestunnumber q a i s Ch
deveo Sme Senim Popi Shanra i osssMAte
adiiin9 paymot oves amol abie Tealar 3alan.
2. (ain Shaing Cqain Sharing aims ot
increasing olecseating-
dabay Cast d Shanng the gains
gans
With emplzes. When pouctivity
xteeds the haseline m ageed auing
3 Shaod uomn
emploeI
I talso intludes Sgzesim Scheme f
Cost wtfing .
3.Emplaae Stnck Plms:
Emploee Stock plan is cme
the impm tamt ay fm peanmam
oleics to attxac-md Tetain pomisin
emplyes
Undex he sCheme Omplayees uha
ane eligible f ecehing tar award/ ar
exed 3peied number 4 Shases2
alaSSMAte
