Piece-rate pay
(Redirected from Piece-rate pay plan)
Piece-rate pay (alternatively known as piece-rate pay plan) is a pay plan in which workers are paid a fixed sum for each unit of production completed.
Definitions
According to Organizational Behavior by Robbins and Judge (17th edition),
- Piece-rate pay plan. A pay plan in which workers are paid a fixed sum for each unit of production completed.
