Compensation BBM PPT New

7/31/2019 Compensation BBM PPT New

1/48

Compensation


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


3/48

Piece Wage System

Output x piece rate

Eg 70 pieces x 10 per piece =RS 700


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


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


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


7/48

EMERSON PLAN

1000 units are standard to get 100% above

1000 units

800 units gets 80% wages

110 units gets standard +10% extra


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


9/48


10/48

Scalon plan

1:1

1 % participating bonus for every 1% increase

in productivity


11/48


12/48

Profit sharing


13/48

PROMOTIONS AND TRANSFERS


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.


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


16/48


17/48


18/48


19/48


20/48

Types of transfers

On the basis of purpose

Production transfer

Replacement transfers Remedial transfers

Precautionary transfers


21/48


22/48


23/48

Working environment and Quality of

working Life


24/48


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.


26/48


27/48


28/48


29/48


30/48

Companies practicing Quality of Work Life

General Motors

Ford Motors with UAW

XEROX IBM

BHEL, Hardwar

TISCO

.


31/48


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.


33/48

Symptoms of Fatigue

Chronic tiredness or sleepiness

Headache

Irritability

Slow reflexes and responses

Short term memory problem

Hallucinations.


34/48

Factors to manage fatigue

Roster Design

Shift Rotation

Breaks


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


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.


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


38/48

Industrial and Physical Safety


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


40/48


41/48

Accident Prevention Programme

Proper safety measures

Proper Selection

Safety conscious

Enforcement of discipline

Incentives

Proper maintenance of machines andequipment


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


43/48


44/48

Factors Improving Morale

Two way communication

Proper Incentive system

Human relation approach

Welfare Schemes

Participation in Management

Improve workers training

Job Enrichment


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


46/48


47/48


48/48

Documents

Compensation BBM PPT New