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Question 6 A skilled worker is paid a guaranteed wage rate of 120 per hour. The standard time allowed for a job is 6 hour.
Question 6 A skilled worker is paid a guaranteed wage rate of 120 per hour. The standard time allowed for a job is 6 hour. He took 5 hours to complete the job. He is paid wages under Rowan Incentive Plan. (1) Calculate his effective hourly rate of earnings under Rowan Incentive Plan. (ii) If the worker is placed under Halsey Incentive Scheme (50%) and he wants to maintain the same effective hourly rate of earnings, calculate the time in which he should complete the job
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