This article throws light upon the top six techniques used for rating the performance of worker. The techniques are: 1. Speed Rating 2. Skill and Effort Rating 3. Westing-House System of Rating 4. Synthetic Rating 5. Objective Rating 6. Physiological Evaluation. Technique # 1. Speed Rating: Speed of the movements of a worker is the only factor in speed rating. [...]
Meaning and Definition of Time Study: When a customer wants to purchase some products, then he usually compares the prices with those of similar products, which are being manufactured by other producers. Therefore, to give competitive quotations, estimation of accurate labour cost is very essential as it has got large effect on the price. If the prices are higher, then, [...]
After reading this article you will learn about:- 1. Meaning of Standard Data 2. Methods for Determining Standard Data 3. Uses 4. Advantages. Meaning of Standard Data: Generally large number of man hours is spent in setting the time standards by using stopwatch time study. Further management is anxious to have the time standards before the jobs are actually manufactured [...]