Incentive Plans for Remunerating Workers | Cost Accounting
The following points highlight the ten main incentive plans introduced for remunerating workers. The incentive plans are: 1. Halsey Premium Plan 2. Rowan Premium Plan 3. Taylor's Differential Piece Rate System 4. Merrick's Differential Piece Rate System 5. Gantt's Premium Plan 6. Emerson's Efficiency Plan 7. Bedaux Plan 8. Profit Sharing Scheme 9. Co-Partnership Scheme 10. Collective Bonus Plan. 1. [...]