This text thoroughly delves into the concept of wage payment systems, exploring their history, evolution, and impact on the evolving industrial landscape. The author examines various wage-setting theories and identifies factors that influence wage levels. The book offers a comprehensive perspective on the topic, tracing its historical development from the Industrial Revolution to contemporary practices. It highlights the emergence of wage incentive plans and the rise of the 'point system' as a tool for effective labor control and productivity enhancement. The author emphasizes the significance of understanding wage payment methods for fostering harmonious labor relations and promoting efficiency within organizations.