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A piece rate worker is paid on the quantity they produce per hour. If they produce more, they will be paid more, based on the rate per finished item.
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What is a piece worker paid?
A piece rate worker is paid on the quantity they produce per hour. If they produce more, they will be paid more, based on the rate per finished item.
What is piece rate system?
It is a compensation system in which a worker is paid a set amount for each item he or she produces.
Peggy earns 0.68 per piece as a garment worker What are her total wages if she had the following production rate?
$301.24
A piece rate worker is paid what?
A piece rate worker is paid on the quantity they produce per hour. If they produce more, they will be paid more, based on the rate per finished item.
A worker who is paid on the basis of the number of computer components produced per day is said to be paid on?
A piece-rate basis
What is Merrick's multiple piece rate system?
This is a modification over Taylor's plan. In this, a minimum base wage is not guaranteed. A worker's wage is calculated as follows:(i) When output (O) is less than 83% of standard output (SO), scheme for wage (W) is equal to piece rate scheme.(ii) When 83% of (S) < O < 100% of (SO); W = 110% of piece-rate.(iii) When O > 100% of (SO); W = 120% of piece rate.AdvantagesEfficient workers are rewarded handsomely.Disadvantages(i) Wide gap in slabs of differential wage rate(ii) Over emphasis in high production rate
Peggy earns 0.68 per piece as a garment worker. What are her total wages if she had the following production rate Monday 81 Tuesday 88 Wednesday 92 Thursday 93 Friday 89?
$302.17.
What is the difference between time rate and piece rates?
On time rate you are paid for the number of hours worked. On piece rate you are paid for the quantity of goods you produce.
How would you pay a worker each day for seven days from a gold bar if you can only break the bar twice?
The Golden RuleBreak the gold bar in two places in such a way as it creates a 1/7th piece, a 2/7th piece and a 4/7th piece.On the first day give the worker the 1/7th piece but keep the rest.On the second day the worker hands back the 1/7th piece from the day before but you give them the 2/7th piece.On the third day you give the worker back the 1/7 piece on top of the 2/7 they already have, making a 3/7 total for three days work.On the fourth day the worker hands back the 1/7 and 2/7 pieces but you replace them with the single 4/7th piece.On the fifth day you add your 1/7th piece to their 4/7th piece thus creating a 5/7 total.On the sixth day you take the 1/7 piece back but replace it with the 2/7 piece. The worker still has the 4/7 piece thus creating a 6/7 total.On the seventh day you add the 1/7 piece to the 2/7 and 4/7 pieces that the worker has already earned thus completing the trade.
What is rating in time study?
Assessment of the worker's rate of working relative to the observer's concept of the rate corresponding to standard pace
What does piece rate mean?
Piece-rate pay gives a payment for each item produced - it is therefore the easiest way for a business to ensure that employees are paid for the amount of work they do. Piece-rate pay is also sometimes referred to as a "payment by results system"
What do you understand by differential piece rate system?
It is a labor remuneration system where a worker's wage is increased proportionality with the number of physical units produce. This system differs from the straight rate labor system in that a worker is not paid a fixed flat rate for every unit of output but his earning per unit produced keeps on increasing as the worker produced more. Normally there is a different rate for every level of output. Example for the first 100 units -------------- wage; $10 for the next 101-200 units---------wage; $15 for the next 201-300 units--------- wage; $20 300 units and above----------------- wage; $25 This is a super sweating system that push the workers to their limited best ability as they pursue a higher wage rate.
