Wage incentive plans: plan with guaranteed minimum wage and bonus as fixed percentage of time saved Identify the incentive plan that guarantees a time rate and pays a bonus equal to a fixed percentage of time saved. Choose the correct plan.

GivenBonus is a fixed percentage of time saved with guaranteed minimum wages.

ConceptHalsey plan bonus = p × (Time saved) × (Hourly rate), typically with p = 50% and an assured time rate floor.

Why others do not match• Rowan: bonus ∝ (Time saved / Time allowed); not a fixed percentage of time saved.• Gantt: guaranteed time rate plus high piece rate/bonus for meeting standard, not fixed fraction of time saved.• Emerson: bonus based on efficiency levels; different structure.

Final AnswerHalsey plan