General Studies · Compensation Management
Under the Halsey Premium Plan of incentive compensation, which of the following methods is used to determine the bonus or premium paid to a worker?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The bonus is calculated by converting accumulated 'B' units into hours saved and sharing the wages with the foreman in a 3:1 ratio.
- 2The bonus is calculated as a predetermined percentage of the time saved, typically 30% to 50%, multiplied by the hourly rate.✓
- 3The bonus is based on a differential piece rate where workers are paid 175% of the rate for exceeding the standard.
- 4The bonus is calculated as the ratio of time saved to the standard time, multiplied by the time taken and the hourly rate.
Correct answer
The bonus is calculated as a predetermined percentage of the time saved, typically 30% to 50%, multiplied by the hourly rate.
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