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Piece rate system of wage payment

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Piece rate system of wage payment

Post by hungama on Fri Sep 23, 2011 9:06 pm

The piece rate is that system of wage payment in which the workers are paid on the basis of the units of output produced. It doesnot consider the time spent by the workers. It is a method of remunerating the workers according to the number of units produced or job completed.

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