Piece rate

 

 

 

Piece rate

 

Glossary of business

 

Definition of piece rate

 

Piece rate is a payment system where employees are paid according to how much they produce. They are paid an amount per unit produced, the argument being that this will motivate them to work harder. However, the system has a number of disadvantages and is now used much less widely.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of piece rate

 

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Meaning of piece rate

 

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What does piece rate mean ?

 

 

 

 

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