BASIC WAGE PLANS

1. TIME WAGES PLAN

2. PIECE WAGES PLAN
3. SKILL-BASED PAY
4. COMPETENCY-BASED PAY
5. BROADBANDING
 TIME WAGES PLAN
 Under this plan wages payment,employ are paid for
the period of time for which they have been employed.
 this method is usually employed when there is more
importense is given to the quality of work and the
nature of work is such that it can not easily
standarized.



PIECE WAGES PLAN
 Under this wages plan worker earnings are in
direct proportion to their output .
 this method is usually employed when there is a
need for production of large numbers and the units
of work produced can be easily standarized.
SKILL-BASED PAY
 Under this system of wages payment,employ
are compensated for their job related skill.
 under a typical skill based system companies
hire employ at below market rate once they
gain extensive knowledge and new skill they
are promoted and rewarded with an increase
pay.

COMPETENCY-BASED PAY
 Under this system of wages payment wages
are paid according to knowledge ,skills and
behavior of an individual that contribute to a
worker’ performance.
BROADBANDING
 It is a base pay technique ,reduced the
number of salary levels into broad salary
band. The band normally have a fixed
minimum and maximam which overlap with
other band.
For example:-

 salary band for entry levels job is 10000-

18000
 salary band for next levels can be 12500-

22000
THANK YOU