Hey there, The slides are regarding the paper Compensation and Performance Management (CPM), one of the major subjects in Bachelor of Business Administration. The topic is related to Wage System.

1. TIME RATE WAGES AND EFFICIENCY BASED
WAGES
BASIS FOR CALCULATION

2. 01. TIME RATE WAGES
BASIS FOR CALCULATION: Time rate wages are calculated based on the amount of time an employee
spends working; i.e., hourly, weekly, daily, weekly or monthly rate.
KEY CHARACTERISTICS:
Number of hours an employee works.
Compensation remains same as long as their working hours remain the same.
Overtime pay.
Commonly used for jobs where work performed are not easily quantifiable.

3. 02. EFFICIENCY BASED WAGES
BASIS FOR CALCULATION: Also known as performance-based or piece-rate wages, are calculated on the
basis of an employee’s productivity or output.
KEY CHARACTERISTICS:
Helps employees to maximize their productivity.
Used for jobs where work performed are easily quantified.
Variable income for employees; depends upon their output.
Employers may set quality standards.

4. THANK YOU
OPEN TO QUESTIONS….