Definitions
There is 1 meaning of the phrase
Piece Rate.
Piece Rate - as a noun
A fixed rate paid according to the quantity produced.
Example: "Factories today may receive the label "sweatshop" more because they have the long hours and poor working conditions, even if they pay an hourly or daily wage instead of a piece rate."
Example Sentences
"The workers are paid according to a piece rate, based on the number of products they produce."
"The new factory implemented a piece rate system to motivate employees to increase their productivity."
"She earns more money with the piece rate, as she is able to complete more tasks in less time."
"The company decided to switch from an hourly wage to a piece rate payment method."
"The workers are dissatisfied with the low piece rate, as it doesn't adequately compensate for their efforts."
