The basic difference between piecework and standard hour plan is of __________?
Correct answer: A. percent premium
- A. percent premium
- B. proportion premium
- C. fixed premium
- D. variable premium
Explanation
Piecework pays according to units produced, whereas a standard-hour plan generally adds a stated percentage premium for completing the standard in less than the allowed time. Thus, the distinguishing feature is the percent premium.
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About Human Resource Management
Human resource management deals with acquiring, developing, rewarding and retaining employees within an organisation. It includes job analysis, recruitment, selection, training, performance appraisal, compensation, career planning, labour relations and workplace discipline. Recruitment attracts applicants, while selection evaluates them and chooses the most suitable candidate.
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