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Briefly explain the following technique of scientific management as given by F.W. Taylor: Differential piece wage system - Business Studies

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Briefly explain the following technique of scientific management as given by F.W. Taylor:

Differential piece wage system

Explain the following technique of Scientific Management:

Differential piece wage system

Explain
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Solution

Taylor was a strong advocate of a piece wage system. He wanted to differentiate between efficient and inefficient workers. The standard time and other characteristics should be based on the work-study we talked about earlier. You can then decide whether the workers are efficient based on these benchmarks. He wanted to give bonuses to personnel who did a good job. So he set different pay rates for people who performed better than expected and those who performed worse than expected.

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