ECONOMICS

Detailed explanation-1: -Under Halsey premium plan method, standard time for doing each job or operation is fixed and the worker is given wages for the actual time he takes to complete the job or operation at the agreed rate per hour plus a bonus equal to (usually) one-half of the wages of the time saved.

Detailed explanation-2: -Bonus under Halsey plan is paid at 50% of time saved. The usual bonus share paid to the worker is 50% of the time saved multiplied by the rate per hour (time-rate).

Detailed explanation-3: -The usual bonus share paid to the worker is 50% of the time savedmultiplied by the rate per hour (time-rate). Was this answer helpful?

Detailed explanation-4: -Under Halsey plan, bonus is given for 50% of the time saved at the hourly rate.

Detailed explanation-5: -For the same saving in time, calculate the hourly rate of wages he will get, if he is placed under Halsey premium scheme (50%). allowed and if the time saved is more than 50 percent of time allowed then Halsey bonus scheme pays more bonus. Normally, time saved by a worker is not more than 50 percent of time allowed.