Question

outline the features of the differential piece rate system​

Answer 1

Answer:

A differential piece-rate system is a method of wage payment in which after tests have set a standard time for any task assigned the worker gets a high piece rate for completing the job within the allotted time and lower piece rate for completing the job beyond the allotted time.

Answer 2

The differential piece rate system​ is a wage payment mechanism.

• The wage payment system typically focuses on the concept of penalizing the slow workers.
• In the payment mechanism the active worker justly earns a high piece rate and a reward for properly completing the job within the allotted time.
• Whereas, the worker receives a lower piece rate for satisfactorily completing the job after functional assessments have set a standard time for each assigned task.
• Generally, the worker working efficiently is compensated around 80% of the piece rate, however the fixed minimum wages are unascertained.