Piece rate

Piece rate,

Definition of Piece rate:

  1. A rate of payment for piecework.

  2. Payment by results. Wage determination system in which the employee is paid for each unit of production at a fixed rate.

How to use Piece rate in a sentence?

  1. An unskillful typesetter on piece rates.
  2. You need to try and have the highest piece rate you can so that your profit per sale can be as high as it can.
  3. In leiu of an hourly wage, all full and part time employees are paid a piece rate of $1.00 for each unit assembled correctly.
  4. The company was able to share the benefit of their savings with their workers due to the new piece rate policy.

Meaning of Piece rate & Piece rate Definition