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

What are your greatest strengths, What are your greatest strengths? Pic...

What are your greatest strengths? Pick a couple of the key personality traits employers’ desire – drive, reliability, determination, or problem-solving skills, for example.  Bu

Explain the various recruitment methods, Question 1: (a) Define persona...

Question 1: (a) Define personality and briefly discuss the determinants. (b) Describe personality structure as outlined by Hollander (1971). (c) Using a concrete example,

Research design, Research design: This section identifies the way in w...

Research design: This section identifies the way in which you are going to investigate the issue or problem - the nature of the data you intend to collect, the enquiry methods

Strategizing in career strategy, Q. Strategizing in career strategy? St...

Q. Strategizing in career strategy? Strategizing is the art of devising or employing plans for stratagems towards the attainment of a goal. This step affords a valuable opportu

#title.hrm, #quesgtion. growth of hrm

#quesgtion. growth of hrm

Illustrate recruitment planning, Q. Illustrate Recruitment planning? Re...

Q. Illustrate Recruitment planning? Recruitment planning: recruitment process starts with its planning which involves the determination of number of applicants and type of appl

Heterogeneity, Diversity is becoming increasingly common in business commun...

Diversity is becoming increasingly common in business communities today. In the workplace diversity can incorporate many different aspects such as personality, intelligence and cul

Explain ''derived demand'', Explain 'derived demand' as it applies specific...

Explain 'derived demand' as it applies specifically to Stonewall Industries

Sound reward system, "effective human resource management depends upon soun...

"effective human resource management depends upon sound reward system" comment.

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