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

Question

Quizplus · Accepted Answer

A piece rate system is a method of payment where employees earn a fixed amount of money for each unit of output they produce or tasks they complete. It encourages productivity and efficiency as employees are incentivized to increase their output to earn more money.

A Piece Rate System Refers to