what is the piece wages system.class 12 business studies
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A piece-rate pay system means that the worker is paid per unit of creation. Whether the "unit of creation" is a clay pot or a piece of writing, a person is paid by individual output, no matter how long it takes. ... This way, you can determine if this is a system you're willing to work with.
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Differential piece wage system is the strongest motivator for a worker to reach standard perforhnance. It is a method of wage payment in which efficient and inefficient workers are paid at different rates. In this method, increase in efficiency is co-related with an increase in the wage rate.
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