The maximum bonus rate under Halsey Premium Method is 50%.
The Halsey Premium Method is a piece-rate incentive plan in which workers are paid a base rate plus a bonus for each unit produced above a standard. The bonus rate is typically a percentage of the base rate, and the maximum bonus rate is usually set at 50%.
This method is designed to motivate workers to produce more units, and it can be effective in increasing productivity. However, it can also lead to workers producing low-quality work, as they may focus on quantity rather than quality. Additionally, the Halsey Premium Method can be expensive for employers, as they must pay workers a bonus for each unit produced above the standard.
Overall, the Halsey Premium Method is a piece-rate incentive plan that can be effective in increasing productivity. However, it is important to consider the potential drawbacks of this method before implementing it.
Here is a brief explanation of each option:
- Option A: 25%. This is the minimum bonus rate under the Halsey Premium Method.
- Option B: $30\frac{1}{2}\%$. This is not a valid bonus rate under the Halsey Premium Method.
- Option C: $33\frac{1}{3}\%$. This is not a valid bonus rate under the Halsey Premium Method.
- Option D: 50%. This is the maximum bonus rate under the Halsey Premium Method.