0
What else can I help you with?
What are the advantages and disadvantages of straight piece rate system?
The disadvantage of the straight piece rate system is that there is no special incentive for the special effort. The advantage is that it has high productivity which helps in spreading the load.
Which organizations use piece rate?
Sam Collett industries is one of the leading global manafacturers for glass female toys. They are an example of a business which is local to me and very special to my wife which i know to have used a piece rate system Hope this helped
What is the employees derives their income from a fee for the item sold?
piece rate
A principal objection to the straight-line method of depreciation is that it?
It ignores variations in the rate of asset use.
Accelerated depreciation method?
Accelerated depreciation is method in which double rate for depreciation is used as compare to straight line method.
What are the advantages and disadvantages of straight piece rate system?
The disadvantage of the straight piece rate system is that there is no special incentive for the special effort. The advantage is that it has high productivity which helps in spreading the load.
The disadvantages of straight piece rate with and without guaranteed minimum wage system?
please give me answer
What is the difference between piece rate system and time wage system?
nothing hahahahahahaha
What is time rate system and piece rate system?
The first is pay based on how long you work, the second is based on how much you turn out.-
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.
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"
Disadvantages of Piece-Rate System of Wages?
A disadvantage to piece rate is that employees in a factory for example may rush their work in order to receive more pay. As a consequence of this, quality of production will decrease.
Which organizations use piece rate?
Sam Collett industries is one of the leading global manafacturers for glass female toys. They are an example of a business which is local to me and very special to my wife which i know to have used a piece rate system Hope this helped
What is MERRICK'S differential piece-rate system?
Merrick's differential piece-rate system is a way companies might pay employees. Employees are paid for each task they complete. It was believed that employees who were offered this type of pay had more incentive to actually work while at their jobs.
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.
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.
What type of pay is modeled below?
Piece Rate
