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 the types of interview, Q. What are the types of interview? Ty...

Q. What are the types of interview? Types of interview: various forms of employment interviews are adopted to solicit different kinds of information and to measure the candidat

#title. tools of selection, #question.what are the positive points and nega...

#question.what are the positive points and negative points of using tools for selecting new employees.

Training and development programme, Training and development programme ...

Training and development programme Data base: it provides a valid data base for personal decisions concerning placements pay promotion transfer etc. appraisal also makes the

TRADE UNIONS IN SOUTH AFRICA, WHAT TO START WITH WHAT SHOULD BE COVERED WHA...

WHAT TO START WITH WHAT SHOULD BE COVERED WHAT IS MOST ESSENTIAL?

Principal of career development, Principal of career development: organiza...

Principal of career development: organization is important to the process of career development. Some of the major principals of the career development are: 1. Dissemination of

Job application, The job or employment application is the official form tha...

The job or employment application is the official form that employers want all applicants for a post to fill out. The job application is filled out offline in a pen / paper format

Healthcare Human Resources, What steps would you take to prepare yourself f...

What steps would you take to prepare yourself for a career as human resources director or vice president for human resources in a U.S. healthcare facility? What professional creden

Describe the competitive strategies, Question: a) Describe the competit...

Question: a) Describe the competitive strategies that can be chosen by multinational corporations. b) Compare and contrast these strategies. Illustrate with relevant example

Retention of the hr function within organisation, Retention of the HR Funct...

Retention of the HR Function within Organisation Your Executive Directors are proposing to reduce the size of the HR section, or even close the function completely. You are to

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