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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.


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"


What is a sentence for the word Rate?

The ESRB rating system was made to discern what videogames are suitable for the various age groups.


The disadvantages of straight piece rate with and without guaranteed minimum wage system?

please give me answer


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.


What are the advantages of a fixed exchange rate system compared to a floating exchange rate system?

In a fixed exchange rate system, the advantages include stability in international trade and investment, reduced uncertainty for businesses, and lower inflation rates. This system can also help countries maintain control over their currency value and prevent sudden fluctuations.


What is straight piece rate system?

It is the simplest method of payment. under this method payment is made according to the number of units produced at a fixed rate per unit


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.