Question 54 of 81
Q.State any three advantages of Halsey plan.
ChseodishaCHSE Odisha Plus Two (Class 12) Commerce Board 2022Subjective· 3mImportance★★★★★est
67% · 54/81 Questions
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Start your 14-day free trial to unlock the full solution →Halsey guarantees wages, rewards time saved, and shares the saving fairly.
Under the Halsey plan (CHSE Odisha +2 Cost Accounting), total earnings = (time taken × rate) + 50% × (time saved × rate). Three advantages:
- Guaranteed time wages — even a worker who saves no time gets his full time wages, so there is wage security for slower or newer workers.
- Incentive for efficiency — an efficient worker earns a bonus (50% of the wages of time saved), rewarding faster, better work. …
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