Question

(a).A worker completes a job in 6hrs.the allowed standard time for the job in 8hrs.his wage rate is Rs.5 per hour.calculate the total earning of the worker under the following system of payment.
(1)Halsey's 50% plan
(2)Rowan's plan.

(b)state the principles of management as enumerated by Henry fayol .explain any eight of them.

Answer 1

a GIVEN: TIME TAKEN(T) = GHRS ; TIME ALLOWED (TA) = BHRS; WAGE RATE (We) Rs 5/HR. 50% TOTAL EARNINGS BY HALS£Y'S, PLAN IS GIVEN BY TIME TRKEN x WAGIE RATE+ S0% x TIME SAVEDy WAGE RATE (8-6) Gx 5 + SO 100 Rs. 35 ZANS ij ROWAN 'S PLAN TIME SAVED X TIME TARENx WAGE RATE TIME TAKEN WAGE RATE TIME ALLOWED (8-665 ニ6x5 十 Rs. 37.5 N-ANS b) THESE 14 PRINCIPLES OF MANAGEMENT ENUMERATE D BY ARE HENRY FAYDL ij DIVISTON WORK Of itj AUTHORITY&RESPONSIBILITY ii DISCIPLINE iv) UNITY Of COMMAND V] UNITY Of DIRECT ION vij RENUMERATION TO EMPLOYEES viiI SUBORDINATIDN OF INDIVIDUAL INTERESTS TO GENE RAL INTEREST viiij CENTRALIS A TION ix SCALAR CHAIN J ORDER xij EQUITY xiil STABILITY Of TENURE Of EMPLOYERS xiiij INITIATIVE xivj ESPRIT DE CORPS

yDIVISION OF WORK: THE WORK SHOULD BE DIVIDED AMONG ON THE BASIS Of THEIR EXPERTISE THIS LEADS INDIVIDUALS WHICH EN SURES HIGHER EFFICIENCY AD EN HANCED FOCUS TO PRODUC TIVITY THUS INCRE ASED iDISCIPLINE: IT MEANS BEHAVIO UR OF EMPLOYEES, OBE DIENCE Of USE Of EMPLOYEES, CLEAR AND FAIR AGREEMENTS AND JUDTCIOUS PENALTIES. SijUNITY Of COMMAND: AN EMPLOYEE SHOUL D RECEIVE ORDERS +ROM ONE MANAG R ONLY.TH IS ELIMINATES THE CONFLICT OF INTEREST iv UNITY Of DIRECTION: EVERY EMPLOYEE OR GIROUP of EMPLOY E ES FOCUSSED TOWAR DS PERFORMING DIFFERENT TAS KS SHOULD BE COMMON OBJECTIVE Of ORGANIS AT ION ATTAINING, THE yiRENUMERATION TD EMPLOYEES; EMPLOYEES SHOULD BE PAID FAIRLY FOR EFFORTS THEY PUT IN EXECUTION OF WORK THE KEEPS THE EM PLO YEES PRDDUC TIVE AND MOTIVATED. THIS vi EQUITY EMPLOYEES SHOULD BE TREATED FAIRLY AND EQUALLY RESPECT,JUSTICE AND EVERY INDIVIDUAL EMPLOYEE DESIRES KTNDLINESS vii STABILITY OF TENURE OF EMPLOYEES AN EMPLOYEE DE LIVERS BETTER INA SECURE JDB. THIS ALSO ELIMINATES THE HIGH COST DE HIRING AND FIRING EMPLOYEES VifESPRTT DE CORPS: IT IS THE RESPONSIBILITY of MANAGEMENT COOPERATE WITH EACH OTHER THAT EMPLOYEES TO ENSURE AND ARE CONSTAN TLY MDTIVATED TD WORK IN HARMONY.