nil

2. Harrison Rubber Plantations Ltd, has
100 crores of land in which 600
workers are employed for tapping the
rubber and 6 supervisors to supervise
their activities. The workers are being
paid Rs1 per tree for tapping and each
supervisor paid a salary of Rs7500 per
month.
 What is the criteria for wages for a worker as
well as for a supervisor?
 If a worker is absent for 2 days, will be get wages
for these days.

3. a) Time rate wage system: Under this system
wages are paid on the basis of time spent
by the workers in the factory or on the job
assigned him.
b) Piece rate system: Under this system, the
worker are paid wages on the basis of
output or unit produced.

4. Basis Time rate system Piece rate system
Payment Wages are paid on the basis
of time spent
Wages are paid on the basis
of output or unit produced
Efficiency Wages are not linked with the
effiency of workers
Wages are directly linked
with effiency of workers
Quality Quality of work is very
important
Quality of work is less
important
Wastage Wastage is minimum Wastage is high
Supervision Close supervision is
necessary
Less supervision is necessary
Guarantee of
wages
Provides minimum and
guaranteed wages
Does not provide guaranteed
wages
Suitability to
employees
Suitable for new and below
average employees
More suitable for efficient
and above average
employees