What do you mean by piece wage system, HR Management

Assignment Help:

Q. What do you mean by Piece wage system ?

Piece wage system: under this system workers are paid according to the amount of work done or the number of units completed the rate of each unit being settled in advance irrespective of the time taken to do the task. Under this system wage payable to an employee are related directly to the quantity of work done by him. The work may be measured in terms of units of output. The units is called piece and the payment is made so much per piece.

Wage (w) = number of pieces produced (n) *rate per piece (R)

The piece wage system is sometimes called incentive system because the piece rate is directly related to the effort put in by the worker.


Related Discussions:- What do you mean by piece wage system

human resource practices, Investigate the approach that Cisco Systems has ...

Investigate the approach that Cisco Systems has used in its many successful acquisitions. What are some of the human resource practices that have made its acquisitions successful.

Describe the areas of training for the employees, Question 1: (a) Expla...

Question 1: (a) Explain Training and Development. (b) Highlight the significance of a Training and Development Department in any organization. (c) Describe the areas of t

Role of administrative expert, Q. Role of Administrative expert? Admini...

Q. Role of Administrative expert? Administrative expert: the administrative role of an HR manager is deeply oriented to processing and record keeping. Maintaining employee file

HRM, Discuss the importance of measuring the impact of HRM in an organisati...

Discuss the importance of measuring the impact of HRM in an organisation, including the key elements within an evaluation strategy

Describe different performance-related pay schemes, Question 1: (a) Def...

Question 1: (a) Define the term ‘performance-related pay and briefly describe different Performance-Related Pay Schemes. (b) What are the 3 main objectives of Performance-Re

Research and academic literature on hrm, Using relevant research/academic l...

Using relevant research/academic literature on HRM that you have read so far, prepare a critical review of one (1) of the following HR activities that warrants remedial action in t

Explain the term- human resource development, Explain the term- Human Resou...

Explain the term- Human Resource Development H.R. Department uses the research for study. Wages Rates Cost of Living Incentive Schemes Employment Trends

Ethics.., Discuss in scholarly detail what managers can do to increase the ...

Discuss in scholarly detail what managers can do to increase the probability that ethics training influences organization members to act ethically over time?

Determine the return on investment of training, Question 1: (a) How is...

Question 1: (a) How is the term ‘development' different from ‘training'? (b) Briefly describe the different training methods that can be used while conducting training.

Explain the importance of knowledge management, Explain the importance of k...

Explain the importance of knowledge management Enterprises need expertise in KM to sustain and enhance their competitive advantage of the organisation in an environment of grow

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd