This document discusses methods of wage payment, focusing on the time rate system. It explains that under the time rate system, wages are paid based on the time a worker spends on the job. The total wages equal the time spent multiplied by the hourly or other time-based rate. Key advantages of the time rate system are that it is simple to calculate, guarantees workers a minimum wage, and pays all workers in the same category equally for their time.

1. WELCOME

2. KAVIATTU COLLEGE OF
TEACHERS EDUCATION
PRESENTED BY
REEJASHA A S
B ED TRAINEE

3. STAFFING

4. CONTENTS ............
METHOD OF WAGE PAYMENT AND
ADVANTAGE OF TIME RATE SYSTEM

5. METHODS OF WAGE PAYMENT
ARE BROADLY CLASSIFIED INTO
2
1. TIME WAGE SYSTEM
2.PIECE RATE SYSTEM

6. TIME RATE SYSTEM
UNDER THIS SYSTEM,WAGES ARE
PAID ON THE BASIS OF TIME SPEND
ON THE BASIS OF TIME SPENT BY
THE WORKER IN THE FACTORY OR
ON THE JOB ASSIGNNED TO HIM.
UNIT OF TIME MAY BE AN HOUR, A
DAY, OR A MONTH

7. TOTAL WAGES IN TIME RATE
SYSTEM=T*R
WHERE T=TOTAL UNIT OF TIME
SPENT
R=RATE OF WAGE PERUNIT
OF TIME

8. ADVANTAGE OF TIME RATE
SYSTEM.
1.IT IS SIMPLE TO CALCULATE AND EASY
TO UNDERSTAND
2.IT OFFERES A GUARANTEED MINIMUM
WAGE TO WORKERS
3.ALL WORKERS IN A PARTICULAR
CATEGORY GET THE SAME AMOUNT OF
WAGES

9. 4.THIS METHOD IS BENEFICIAL TO
AVERAGE AND BELOW AVERAGE
WORKERS
5.THIS IS ECONOMOICAL TO
MAINTAIN
6.THE NEW EMPLOYEES CAN LEARN
THE WORK BY TAKING ADEQUATE
TIME
7.TRADE UNIONS ARE PREFER THIS
SYSTEM

10. CONCEPT TO BE CONSOLIDATED
METHODS OF WAGE PAYMENT ARE
BROADLY CLASSIFIED INTO 2. THEY
ARE TIME WAGE SYSTEM AND
PIECE RATE SYSTEM. IN TIME RATE
SYSTEM WAGE IS PAID ON THE BASIS
OF TIME SPENT BY THE WORKER IN
THE FACTORY

11. FOLLOW UP ACTIVITY
PREPARE A CHART CONTAING
ADVANTAGES OF TIME RATE
SYSTEM.

12. THANK YOU