What are the merits and demerits of time rate and piece-rate systems of wage payment? State the
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What are the merits and demerits of time rate and piece-rate systems of wage payment? State the situations in which each system is effective and useful.
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Time Rate System Merits Steady Income Provides a stable and predictable income for employees which can be important for financial planning and security Less Pressure Reduces the pressure on employees ...View the full answer
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