A piece rate system
A)is a program providing one-time rewards to employees for specific accomplishments.
B)is a company-wide program where employees are rewarded for performance gains compared to past performance.
C)is a permanent pay raise based on past performance.
D)is a program where employees are paid on the basis of individual output produced.

Question

Quizplus · Accepted Answer

A piece rate system is a compensation method where employees are paid based on the quantity or output of their work, often measured in units or pieces produced. It is a way to directly link pay with performance and productivity, which can be motivating for employees who want to earn more by producing more.

A Piece Rate System