Principles For A System Of Wages Incentives.

Q45. What are the principles for a sound system of wages incentives?
Ans. Following are the main principles:

  1. Scheme should be:
    1. Clearly defined.
    2. Reasonable and stable.
    3. Just both employer and employees.
  2. It should be such that it increase morals of the employee.
  3. It should not entail heavy clerical cost.
  4. Scheme should ensure guaranteed wages on time basis to worker.
  5. No complaint by the workers that they are sitting idle.
  6. They should be no upper limit on the additional earning of workers.
  7. Scheme should be such that only good outputs qualify for incentives.

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