State any two advantages of time rate system of wages payment.

The time rate system of wages payment offers several advantages, particularly in ensuring fairness and simplicity. Two key benefits are:

1. Simplicity and Ease of Administration Under this system, wages are calculated based solely on the time worked (e.g., hourly, daily, or monthly rates). This eliminates the need for complex job evaluations or performance measurements, making it straightforward for employers to compute and disburse payments. Employees also find it easy to understand and track their earnings.

2. Encourages Job Stability and Employee Loyalty Since wages are tied to attendance rather than productivity, employees are motivated to maintain regular attendance and focus on long-term employment. This reduces turnover rates and fosters a stable workforce, which is beneficial for businesses requiring consistent labor.

Additionally, this system is particularly suitable for jobs where output measurement is difficult or impractical.