piece rate


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Related to piece rate: Time Rate

piece rate

[′pēs ‚rāt]
(industrial engineering)
Wages paid per unit of production.
References in periodicals archive ?
Piece rate is just one example of a performance pay system, however, and suffers from a number of limitations.
Independently of this, workers are either paid a fixed wage {baseline), a fixed wage plus piece rate of 1 Yuan (monetary; incentive), or a fixed wage with the hardest working individual additionally receiving a symbolic award (smiley button) at the end of the session (recognition).
Shanta Sinha, former chairman of NCPCR, says the piece rate is the worst form of exploitation, as the entire family, mostly children, get involved in production.
This new version makes it easier for service companies to handle the paychecks by yearly salary, hourly rate, commission, tips, project rate or piece rate.
We present evidence on the impact of piece rate financial incentives on students' school outcomes from a randomized field experiment in Nepal.
For example, if you buy a 5gram bangle, the making charges will be per piece rate.
Geisinger continues to be paid "piece rate" for 70 to 75 percent of our patient volume.
Home based women workers in the country are usually identified as piece rate workers involved in manufacturing and post manufacturing parts as embroidery, carpet weaving, hand-loom, bangle making, prawn peeling, making incense sticks, filling match boxes.
7000 per month, but minimum wage for piece rate workers has not been revised.
They are not paid by the yard, like piece rate workers.
Bill Smith, from Vion, the Dutch firm now taking over Grampian, said: "It was agreed to increase the offer from 2% to 3%, on the agreement meaningful discussions on a piece rate structure will start shortly."