Individual Incentive plans:
An Individual incentive plan is meant for an individual employee. He has to work hard i.e. efficiently, produce more and share the monetary benefit for himself. The benefit is directly linked with his ability, efficiency and capacity.
- Halsey Premium Plan
- Rowan Plan
- Taylor’s Differential Piece Rate System
- Emerson’s Efficiency Bonus Plan
- Bedeaux Point Premium Plan
- Gnatt Task and Bonus Plan
- Scanlon Plan
- Haynes Plan
- Merric’s Multiple Piece Rate Plan and so on.
One Comment