Time-based Step-rate Pay System

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Time rate or time wage system is the most popular method of wage payment. Known by various other names such as time work, day work, day wages and day rate, the payment is. A salary grade range can consist of several steps, which indicate job service (number of months) and the pay rate for an employee when they reach a step in the salary. Time rate system is otherwise called as time work, day work, day wages and day rate.

The time rate system is that system of. All you have to do is breathe and be there every day, and you will get your step rate increase. Salary of the employee is based on: A salary grade range can consist of several steps which indicate job service (number of months) and the pay rate for an employee when they reach a step in the salary. Ratings 100% (1) 1 out of 1 people found this document helpful; A job evaluation system should be used to determine the relative value of one job to another. This is the first step in setting up a pay system. Several types of pay systems can be implemented. Under time wage system of wage payment, the worker is paid at an hourly, daily, weekly or monthly rate.