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Ardhi company Ltd. Is considering the type of remuneration scheme to adopt for its employees. The following information is availed to you for your analysis:

      

Ardhi company Ltd. Is considering the type of remuneration scheme to adopt for its employees.
The following information is availed to you for your analysis:
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For the calculation of piecework earnings the company values each minute at a rate of Sh.0.5

Required:
Calculate the earnings for each employee using
(i). Basic guaranteed hourly rates
(ii). Piece work rates.
(iii). Premium bonus, given that an employee earns the premium bonus at the rate of two thirds of the time saved.

  

Answers


Kavungya
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Kavungya answered the question on December 15, 2021 at 10:03


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