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    Mgt402 GDB

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    ahsan sajjad
    1) The document compares two wage plans, Halsey and Rowan. Under Halsey, gross wages are regular pay plus half the savings in pay, calculated as (hours worked x rate) + 0.5(hours saved x rate). Under Rowan, gross wages are regular pay plus a bonus for hours saved, calculated as (hours worked x rate) + (hours saved/allowed x hours taken x rate). 2) The effective rates are then calculated by dividing the gross wages by the total hours taken. For Halsey the effective rate is 156 and for Rowan it is 165. 3) In summary, the Rowan plan results in higher basic pay and a higher effective rate

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    Mgt402 GDB

    Uploaded by

    ahsan sajjad
    17 views2 pages
    1) The document compares two wage plans, Halsey and Rowan. Under Halsey, gross wages are regular pay plus half the savings in pay, calculated as (hours worked x rate) + 0.5(hours saved x rate). Under Rowan, gross wages are regular pay plus a bonus for hours saved, calculated as (hours worked x rate) + (hours saved/allowed x hours taken x rate). 2) The effective rates are then calculated by dividing the gross wages by the total hours taken. For Halsey the effective rate is 156 and for Rowan it is 165. 3) In summary, the Rowan plan results in higher basic pay and a higher effective rate

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    1) The document compares two wage plans, Halsey and Rowan. Under Halsey, gross wages are regular pay plus half the savings in pay, calculated as (hours worked x rate) + 0.5(hours saved x rate). Under Rowan, gross wages are regular pay plus a bonus for hours saved, calculated as (hours worked x rate) + (hours saved/allowed x hours taken x rate). 2) The effective rates are then calculated by dividing the gross wages by the total hours taken. For Halsey the effective rate is 156 and for Rowan it is 165. 3) In summary, the Rowan plan results in higher basic pay and a higher effective rate

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    17 views2 pages

    Mgt402 GDB

    Uploaded by

    ahsan sajjad
    1) The document compares two wage plans, Halsey and Rowan. Under Halsey, gross wages are regular pay plus half the savings in pay, calculated as (hours worked x rate) + 0.5(hours saved x rate). Under Rowan, gross wages are regular pay plus a bonus for hours saved, calculated as (hours worked x rate) + (hours saved/allowed x hours taken x rate). 2) The effective rates are then calculated by dividing the gross wages by the total hours taken. For Halsey the effective rate is 156 and for Rowan it is 165. 3) In summary, the Rowan plan results in higher basic pay and a higher effective rate

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    Mgt402 GDB

    1)

    According to Halsey premium plan, the basic pay or gross wages can be
    calculated as.
    Gross Wages = (Time worked x wage rate) + ½ (Time saved x wage rate)
    = (15 x 120) + ½ (9 x 120)

    = 2340

    And According to Rowan Plan,


    Gross Wages = (time worked x wage rate) + bonus
    Bonus = (time saved / time allowed) x time taken x time rate

    Bonus = (9/24) x 15 x 120 = 675

    Now Gross Wage,


    = (15 x 120) + 675
    = 1800 + 675
    = 2475

    2)
    Effective Rate according to Halsey Plan
    = Gross Wages/ Time Taken
    = 2340 / 15
    = 156
    Effective Rate according to Rowan Plan
    Gross wages/ time taken
    = 2475 / 15
    = 165

    3)
    According to above calculations, clearly the basic pay and effective rate of Rowan
    Plan is higher, which makes it more suitable for a worker to get.

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