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Sunday 24 January 2010

Time Rate System

This method of payment is also known as " Day Wage" or "Day Rate". The majority of workers are paid under this plan and this must necessarily be the case wherever work is intermittent in character and not repetitive or when output is not measureable or depends mainly upon factors outside the workers control. Under this plan worker in the same class get the same wages and individual production record are not maintained.

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