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Differential Piece Wage Rate System | What is Differential Piece Wage System?

🔴 Differential Piece Rate System - Differential Piece Rate System is an incentive bonus plan suggested by Taylor . Under this plan the piece wage rate paid to efficient workers is higher than the normal piece wage rate . Purpose : According to Taylor the wages of efficient and inefficient workers should be distinguished on the basis of level of output. This approach helps to stimulate less efficient workers to improve their performance and provide them higher job satisfaction . Thus the efficient workers get motivated as they are paid at a higher rate than those who perform below standard . ======================================== 🔴 This video might be useful for students preparing for - 🗣️ 11th Commerce #11thcommerce 🗣️ 12th commerce boards #12thcommerce 🗣️ CSEET(CS FOUNDATION ICSI) #cseet 🗣️ CA Foundation #cafoundation 🗣️ UGC NET COMMERCE #ugcnetcommerce 🗣️ Economics 🗣️ UGC NET ECONOMICS #ugcnetcommerce #ugcneteconomics ======================================== 🔴 In this video - #padhakulog Teacher's Name - CS Payal Popli Topic - Differential Piece Rate System =============================================== 🫵🏻 Connect with us- 🗣️Instagram- https://instagram.com/padhaku_log?igs... 🗣️Facebook-   / padhaku-log-101091301476679   🗣️Watsapp-9630227777 🗣️Telegram-9630227777 =============================================== ❤️About us: Padhaku Log is a platform specially created for those students who live in remote areas and don’t have access to fancy coaching classes. A channel which wants to bring parity in knowledge level of all.