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shoud pay be based on performance rather than hourly wage fully explain with outline

shoud pay be based on performance rather than hourly wage

fully explain with outline
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Answer #1

I think wages should be based on performance rather than an hourly wage.

Hourly wage is a fixed wage paid to workers no matter how productive the worker is. Therefore, such a wage does not provide any incentive for the worker to produce more output. Therefore, such a wage system does not increase productivity.

However, a performance-based pay provides an incentive to a worker to produce more so that he/she can earn more wage. Therefore, such a wage system has the right incentives to increase productivity.

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