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

Explain management skills, Explain Management Skills. Management Skill...

Explain Management Skills. Management Skills: The skills needed of a successful manager, whether he is working in a business organization, industry, an educational institute

Briefly explain the human resource forecasting techniques, Question 1: ...

Question 1: (a) What are the costs that need to be borne by organisations when planning to recruit new employees. (b) Describe what you understand by scenario planning.

Develop an epc diagram for human resources process, Question: (a) ERP s...

Question: (a) ERP systems are designed to provide the information, analysis tools and communication abilities to support efficient and effective business processes. Process map

Illustrate the important factors of knowledge management, Illustrate the im...

Illustrate the important factors of knowledge management In developing a KMS it is essential to take into account the following factors: 1) KM does not come cheap. 2) Eff

Problem, Q6. Ms. Swapna is the HR Manager of ABC Pvt Ltd. She wants to ensu...

Q6. Ms. Swapna is the HR Manager of ABC Pvt Ltd. She wants to ensure that employee discipline is well maintained. What are the important principles that have to be observed in the

Identifies users of hr services, Identifies Users of HR Services 1. Id...

Identifies Users of HR Services 1. Identifies at least 3 users of HR services internal to your organisation and for each of them at least 2 key needs 2. Explain how HR can

Show the essential features of high-performance model, Question 1: Expl...

Question 1: Explain the Guest, Sisson, and Hendry and Pettigrew principles of Strategic HRM. Question 2: Two models of Strategic HRM are the ‘High-performance model'

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