CEVAP:

Premium based system is another way for determination of labor costs. Criticisms about the disadvantages of time-based and piece based systems lead to apply for a new one, which is named the premium-based system. Under this very well-known system employee is paid a basic wage and premium for his/her efficient work. In any case, the employee is paid a basic wage but not premium even if he/she is not able to achieve the target efficiency.