This document contains a lesson plan for teaching methods of wage payment, including time rate and piece rate systems. It begins with an introductory activity using a Bible story to introduce the concept of wages. Students are then divided into groups to complete a puzzle activity within a time limit, illustrating time rate wages. Another group activity involving paper boat building relates to piece rate wages based on output. Charts and formulas are displayed to consolidate the key concepts. Review questions confirm student understanding before assigning a follow up problem-solving activity.

1. Name of the Teacher : ASWATHI.C.V Standard : XII
Name of the School : GCTE, TVM Strength : 42
Subject : Business Studies Age : 17years
Unit : Staffing Duration : 45 minutes
Topic : Methods of wage payment Date : 11/06/2015
Content Outline Methods of wage payment
Content Analysis
Terms
Facts
Concept
Wages, Time rate system, Piece rate system ,Efficiency ,Supervision ,Wastage of material, Guarantee of
minimum wage, Salary, Out put
 Wages refers to the remuneration paid to workers doing manual or physical work.
 Time rate system is a system of wage payment based on time.
 Time rate system provides regular and guaranteed time and income.
 Piece rate system is a system of wage payment in which workers are paid wages based on the output or
units produced and not on the basis of time.
 Piece rate system is also called payment by results.
 Efficient and inefficient workers are identified in piece rate system.
 Cost of production will be higher in time rate system and less in piece rate system.
 Under time rate system, unit of time selected may be on hour, a day, a week or a month.
 Piece rate system requires less supervision.
 Wage payment system refers to the monitory benefit given by the employer to employee for the work
done.
 Wage are paid on the basis of time spend by the workers in the factory or the job assigned to them is
known as time rate system.
 The workers are paid wages on the basis of output or units produced under piece rate system.
LESSON PLAN

2. Equations
Curricular objectives
Pre- requisites
Learning materials
Learning strategy
Total wages of a worker is calculated under time rate system.
T = Total units of time.
R = Rate of wage per unit of time.
Total wages of a worker is calculated under piece rate system;
Q = Total units of output produced
R = Rate of wage per unit of out put
To develop an idea about the term ‘wages’ and enable them to classifies wage payment system with
time rate and piece rate system and evaluate its significance in an organization through Brain storming,
Group Discussion, General Discussion and enable students to prepare note based on it.
Learner should have an idea about “incentive”
 Usual class room aids like blackboard and chalk.
 Chart showing the meaning of time rate system and piece rate system.
 Activity sheet.
 Brain storming
 Group Discussion
 General Discussion
Total wage= T X R
Total wage=Q X R

3. PHASE I : INTRODUCTORY PHASE
Activity (General Discussion)
After the usual class procedures teacher starts the class by telling a story from Bible
( Mathew 20 ; 1-16)
Long ago a land owner who went out early in the morning to Linemen to work
in his vineyard. He agreed to pray them Rs.500/- for the day and send them in to his
vineyard. About the sixth hour he went out and saw others standing in the market place
doing nothing. He told them” you also go and work them in my vineyard about I will pay
what is right” He went out again about the seventh month and eleventh hours and did the
same thing .When evening come, the owner of vineyard said to his foreman “ Call the
workers and pay them their wages ” .Each of them received RS.500/- when they received
it began to grumble against the land owner.
Teacher gives the following questions for initiating the discussion.
Lead points
 What is the main motive of people to do work in vineyard?
 If all of them get a RS.500/- each?
 Are the people do their work at same time?
 Are you agree with his type of payment?
From the above discussion learner arrive at conduction that “Everyone do the job for
getting reward or wages and also identifies its various methods of payment system.”
Students listen to the story.
Students actively respond about the lead points.
Students derived to the conclusion.
CLASS ROOM INTERACTION PROCEDURE/ACTIVITY PUPIL’S RESPONSE

4. Concept to be consolidated (PPT)
Wages refers to remuneration given to employees by an
employer for their contributions towards the achievement of the
organizational goals.

5. PHASE II: DEVELOPMENTAL STAGE
Activity: (Group Discussion)
Teacher divides the class in to number of groups and gives them to activity
sheet of puzzle box game, and asks them to complete the puzzle box within three minutes.
Teacher also agree to give them “A” grade ,only to complete the puzzle box within the
time allotted .puzzle box contain 10 familiar words in business such as profit, business ,
purchase ,sales, trader, wages, firm, manager, money, Accounting, Asset etc…
(PPT)
A C C O U N T I N G H
M O N E Y A B C D M I
E F G C H I J K R A J
L P M A N P Q I R N S
P U W P R O F I T A A
R R A I S T U V W G L
O C G T R A D E R E E
D H E A S S E T X R S
U A S L Y Z A B C D E
C S B U S I N E S S F
T E G H I J K L M N O

6. Lead points
 Which factor forced you to complete the puzzle box
Concepts to be consolidated (PPT)
Time rate system; It is a system of wage
payment in which wages are paid on the
basis of time spend by the workers in the
factory
Activity: 2 (Group Discussion)
Teacher divides the class in to number of groups and papers gives to each group.
Teacher says that each group has to made paper boat. Each boat has five points. First prize
goes to whose result is more.
Teacher analyzes the marks of each group. Based on the activity, the learner arrives at
a conclusion that the result is based on the number of units produced.

7. Concept to be consolidated
PHASE III : CONCLUDING ACTIVITY
Teacher exhibit a chart showing the meaning of time rate system and piece rate
system.
Review Questions
 What do you mean by Time rate system?
 How to compute total wage under piece rate system?

8. Follow up Activity
Teacher said the students to work out the problems related with time rate and piece
rate system of wage payment and also prepare note based on it.

9. Students answer to the questions correctly