7/31/2019 Compensation BBM PPT New
1/48
Compensation
7/31/2019 Compensation BBM PPT New
2/48
Time Wage System
Eg: Rate is Rs 75 per day fixed
Worker A worked for 29 days 29X 75 = 2175
Worker B worked for 25 days 25X 75=1875
7/31/2019 Compensation BBM PPT New
3/48
Piece Wage System
Output x piece rate
Eg 70 pieces x 10 per piece =RS 700
7/31/2019 Compensation BBM PPT New
4/48
Balance or Debt Method :
Combination of time and Piece
(if time wage exceeds piece wage the worker
is paid extra or deficit is credited )
Piece wage time cr dr balance
150 X 4=600 500 100 -- 100
100x4=400 500 -- 100 nil 125x4=500 500 --- --- nil
7/31/2019 Compensation BBM PPT New
5/48
Methods of Incentive plan
Halsey Plan A standard time is fixed for completing a work in advance
Time allowed for a task 20 hrs
Actual time taken 15 hours Hourly rate of pay rs 1.50
Solution: TxR +(S-T) X R
2
S =STANDARD TIME
T =TIME TAKEN
R=HOURLY RATE
7/31/2019 Compensation BBM PPT New
6/48
Rowan plan
A worker is guaranteed minimum wage for
time spent on the job . He gets bonus for
completing the job in less than the standard
time.
TxR +(S-T) X T X R
2
7/31/2019 Compensation BBM PPT New
7/48
EMERSON PLAN
1000 units are standard to get 100% above
1000 units
800 units gets 80% wages
110 units gets standard +10% extra
7/31/2019 Compensation BBM PPT New
8/48
Taylors differential piece rate system
A standard output of 100 units is fixed in 8 hrs
A rate of 0.25 p if output is more than 100 and
20 p if output is less than 100
7/31/2019 Compensation BBM PPT New
9/48
7/31/2019 Compensation BBM PPT New
10/48
Scalon plan
1:1
1 % participating bonus for every 1% increase
in productivity
7/31/2019 Compensation BBM PPT New
11/48
7/31/2019 Compensation BBM PPT New
12/48
Profit sharing
7/31/2019 Compensation BBM PPT New
13/48
PROMOTIONS AND TRANSFERS
7/31/2019 Compensation BBM PPT New
14/48
According to Pigor and Myres Promotion is the
advancement of an employee to a better job
better in terms of greater responsibilities ,
more prestige or status , greater skill and
especially , increased reate of pay or salary.
7/31/2019 Compensation BBM PPT New
15/48
Purpose of promotion
Utilizing the skills and knowledge of theemployee at a appropriate level
2. To develop competitive spirit and zeal in theemployees to acquire skills and knowledgerequired to take higher level job
To develop internal sources of talent
To build loyalty among employess and boost theirmorale
7/31/2019 Compensation BBM PPT New
16/48
7/31/2019 Compensation BBM PPT New
17/48
7/31/2019 Compensation BBM PPT New
18/48
7/31/2019 Compensation BBM PPT New
19/48
7/31/2019 Compensation BBM PPT New
20/48
Types of transfers
On the basis of purpose
Production transfer
Replacement transfers Remedial transfers
Precautionary transfers
7/31/2019 Compensation BBM PPT New
21/48
7/31/2019 Compensation BBM PPT New
22/48
7/31/2019 Compensation BBM PPT New
23/48
Working environment and Quality of
working Life
7/31/2019 Compensation BBM PPT New
24/48
7/31/2019 Compensation BBM PPT New
25/48
Quality of Work Life
The people involved get a sense of satisfaction intheir work. Work then becomes not a burden but ameans by which the abilities of a person can findexpression
Mass-production technology has made workers jobmonotonous and it is of little meaning to him
Results of low Q.W.L are absenteeism, lowperformance, poor morale and occasional sabotage.Ultimately it is the organization that suffers.
7/31/2019 Compensation BBM PPT New
26/48
7/31/2019 Compensation BBM PPT New
27/48
7/31/2019 Compensation BBM PPT New
28/48
7/31/2019 Compensation BBM PPT New
29/48
7/31/2019 Compensation BBM PPT New
30/48
Companies practicing Quality of Work Life
General Motors
Ford Motors with UAW
XEROX IBM
BHEL, Hardwar
TISCO
.
7/31/2019 Compensation BBM PPT New
31/48
7/31/2019 Compensation BBM PPT New
32/48
Fatigue
Fatigue is defined as a state of being tired . It
can be caused by long hours of work , long
hours of physical or mental activity,
inadequate rest ,excessive stress andcombination of these factors.
7/31/2019 Compensation BBM PPT New
33/48
Symptoms of Fatigue
Chronic tiredness or sleepiness
Headache
Irritability
Slow reflexes and responses
Short term memory problem
Hallucinations.
7/31/2019 Compensation BBM PPT New
34/48
Factors to manage fatigue
Roster Design
Shift Rotation
Breaks
7/31/2019 Compensation BBM PPT New
35/48
Monotony
Monotony means dislike of work mainly due
to repetition of work. Monotony is not an
element of job but it is a relationship of job
and mind at a particular time .
Causes of Monotony
Repetition of work
Excessive tiredness
Absent mindedness and no concentration
7/31/2019 Compensation BBM PPT New
36/48
Effects of Monotony
Speed and efficiency are adversely affected .
Morale is down
Inferiority complex
Affects the quality and quantity of work
Sometimes leads to industrial strike.
7/31/2019 Compensation BBM PPT New
37/48
Measures to remove Monotony
Change of work
Assigned jobs of varied nature.
Encourage team spirit of team
Shortening of working hours
Difference between Fatigue and monotony
7/31/2019 Compensation BBM PPT New
38/48
Industrial and Physical Safety
7/31/2019 Compensation BBM PPT New
39/48
Industrial Accidents
Meaning of Accident : According to factories act 1948 an occurrence in anindustrial establishment causing bodily injury to a person which makeshim infit to resume his duties in the next 48 hours
According to Hennrich Accident is an unplanned and uncontrolled event inwhich the action of an object , substance , person or radiation results inpersonal injury or the probability thereof.
Causes Of Accidents:
Unsafe conditions
Defective Equipments
Hazardous arrangement or procedures in and around machine orequipments.
Insufficient lighting
Inhalation of impure airYoung and untrained workers
Addition to alcholism
Stressed employees
Causes of accident proneness
7/31/2019 Compensation BBM PPT New
40/48
7/31/2019 Compensation BBM PPT New
41/48
Accident Prevention Programme
Proper safety measures
Proper Selection
Safety conscious
Enforcement of discipline
Incentives
Proper maintenance of machines andequipment
7/31/2019 Compensation BBM PPT New
42/48
Employee Morale
According to Flippo, As a mental condition or attitude of
individuals and groups which determines their willingness to
co-operate. Good morale is evidenced by employee
enthusiasm , voluntary confirmation with regulations and
orders and a willingness to cooperate with others in theaccomplishment of an organisation s objectives.
Poor morale is is evidenced by a feeling of discouragement
and dislike of the job, company and associates.
Morale is a feeling related to espirit de corps , enthusiasm,
Zeal
7/31/2019 Compensation BBM PPT New
43/48
7/31/2019 Compensation BBM PPT New
44/48
Factors Improving Morale
Two way communication
Proper Incentive system
Human relation approach
Welfare Schemes
Participation in Management
Improve workers training
Job Enrichment
7/31/2019 Compensation BBM PPT New
45/48
GRIEVANCES
According to Dale s Beach , Grievance is anydissatisfaction or feeling of injustice in connection withones employment situation that is brought to theattention of management .
Causes of Grievances Employment conditions
Effect of trade unions
Difference of Opinion
Social Injustice Adherence to Rules
Psychological Reason
7/31/2019 Compensation BBM PPT New
46/48
7/31/2019 Compensation BBM PPT New
47/48
7/31/2019 Compensation BBM PPT New
48/48
Top Related