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

Sound reward system, effective HRM depends up on sound reward system

effective HRM depends up on sound reward system

Workflow, define workflow in detail?

define workflow in detail?

Importance of developing a corporate social responsibility, Question 1: ...

Question 1: It is increasingly being recognised that in order to compete effectively in a turbulent environment, organisations need to differentiate themselves from competitors

Self - designing work teams, Self-designing work teams are usually found at...

Self-designing work teams are usually found at the higher levels of the organisation such as top management teams which have also been reviewed previously in this unit. Sometimes,

Procedure of wage and salary administration, Procedure of wage and salary a...

Procedure of wage and salary administration: the basic steps in the process of setting wages and salaries of employees are: Step 1: job analysis : formulation of job descripti

Borderless, Borderless world, Diversity Management, and Knowledge power, ar...

Borderless world, Diversity Management, and Knowledge power, are some of the overarching factors being encountered by the Human Resource Mangers of 21st century business world”. Ho

Selection proces, how the selection process to be lined up in order to sele...

how the selection process to be lined up in order to select the most competent candidates

Regional levels of training needs, Regional levels regional aspects and con...

Regional levels regional aspects and considerations are of interest if regional programmes projects or institutions can provide useful guidance and support to governments and priva

Explain the characteristics of a group, Question 1: (a) Describe the te...

Question 1: (a) Describe the term "group". (b) Explain the characteristics of a group. (c) By giving examples from your workplace, explain the various types of groups yo

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