Piece Wage Rate

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Piece Wage Rate

 

the wages paid to a worker based on the unit produced (work). Piece wage rates are determined by multiplying either the rates for piecework or the preparation-and-completion time in hours by the hourly wage rate that corresponds to the category of job being performed, or by dividing the daily wage rate by the output quota per shift. When wage rates are set, piece wage rates are directly proportional to time rates and inversely proportional to output quotas.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.