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Explain the Following Techniques of Scientific Management: Differential Piece Wage System - CBSE (Commerce) Class 12 - Business Studies

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Question

Explain the following techniques of scientific management:

The differential piece wage system

Solution

Differential Piece Wage System: Under this system, different wages are paid to efficient and inefficient employees. Employees who perform better are paid higher wages than employees who perform below the standard target. This motivates employees to become efficient and earn more

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Solution Explain the Following Techniques of Scientific Management: Differential Piece Wage System Concept: Concept of Management.
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