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

Representation of quantitative data, Quantitative data may be presented eit...

Quantitative data may be presented either as full statements of the results obtained or in summary form. It is likely that the full results would be set out in appendices to the ma

Distinction between job description and job specification, Distinction betw...

Distinction between job description and job specification: both the documents job description and job specification are the products of the job analysis. But both job description a

Show work force empowerment, Q. Show Work force Empowerment? For the co...

Q. Show Work force Empowerment? For the corporate decamping to become a reality many companies are now vesting their employees with greater authority, expanding their jobs titl

Describe the process of conducting audit of training, Question 1: What ...

Question 1: What are the trends in HR audit? Explain HR audit Trends in HR audit seen in Indian Scenario   Question 2: Describe the process of conducti

Design and conduct a training programme, Problem 1 Discuss the core c...

Problem 1 Discuss the core concepts of learning that facilitate training and development. Problem 2 Systematic analysis of training needs is a prerequisite to designi

Conduct an appropriate hypothesis test, Aspire LLP is a recruitment agency....

Aspire LLP is a recruitment agency. Recently, the company senior manager, Kay conducted a survey to understand the number of hours students spend daily on their studies after schoo

Bench Management, How can it convert bench into capital?

How can it convert bench into capital?

Stress and performance, the role of HR to prevent stress and enhace employe...

the role of HR to prevent stress and enhace employee performance

Develop a project overview statement for an h.r project, Problem: a) Gi...

Problem: a) Give two approaches to understanding the project management life-cycle. Critically discuss the suitability of both these approaches. b) ‘The main purpose of the

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