Tag Archives | Wage Payment

Methods of Wage Payment (with Formula and Calculations)

Everything you need to know about the methods of wage payment! The success of an organization largely depends upon the efficiency of labor and the efficiency of labor is considerably affected by the amount of wages paid to them. Many times the management is of the opinion that the profit of a concern can be maximized only by reducing the [...]

By |2019-05-25T05:15:41+00:00May 25, 2019|Methods of Wage Payment|Comments Off on Methods of Wage Payment (with Formula and Calculations)

Top 3 Methods of Wage Payment | Cost Accountancy

The following points highlight the top three methods of wage payment. The methods are: 1. Time Rate Plan 2. Piece Rate 3. Incentive Wage Plans. Wage Payment: Method # 1. Time Rate Plan: The method which is related to the hours of work is known as Time Rate Plan. Under this method the worker is paid at an hourly, daily [...]

By |2016-06-13T06:12:38+00:00June 13, 2016|Labour|Comments Off on Top 3 Methods of Wage Payment | Cost Accountancy
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