The correct answer is B. quantity of work.
The Halsey premium plan is a type of incentive plan in which workers are paid a base wage plus a bonus for each unit of production that exceeds a standard level. The bonus is typically a percentage of the worker’s base wage.
The Halsey premium plan is based on the idea that workers will be more productive if they are given an incentive to produce more. The plan is designed to reward workers for their increased productivity, while also ensuring that the company does not lose money on the deal.
The Halsey premium plan is one of the simplest and most common incentive plans. It is easy to understand and administer, and it can be used in a variety of industries. However, the Halsey premium plan has some drawbacks. One drawback is that it can lead to workers focusing on quantity rather than quality. Another drawback is that it can be difficult to set the standard level of production.
Despite its drawbacks, the Halsey premium plan is a popular incentive plan. It is easy to understand and administer, and it can be used in a variety of industries. The Halsey premium plan can be a effective way to increase worker productivity.
Here is a brief explanation of each option:
- A. time taken: This option is incorrect because the Halsey premium plan is not based on the time taken to complete a task.
- B. quantity of work: This option is correct because the Halsey premium plan is based on the quantity of work that is completed.
- C. time saved: This option is incorrect because the Halsey premium plan is not based on the time saved.
- D. quality of work: This option is incorrect because the Halsey premium plan is not based on the quality of work.