piece rate |
|
Definition
Payment by results. Wage determination system in which the employee is paid for each unit of production at a fixed rate.
email to a friend
print this definition
cite this definition
link to this page
piece rate is in the Accounting & Auditing and HR, Teams, & Training subjects.
piece rate appears in the definitions of the following terms: Taylor wage system and scientific management
This content can be found on the following page:
http://www.businessdictionary.com/definition/piece-rate.html







