BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Similar wages to different workers
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Level wise distribution of wages
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Different wages according to their work
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Change of wage rate according to availability of work
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Detailed explanation-1: -Differential piece wages means different wages for different level of performance.
Detailed explanation-2: -noun. : a method of wage payment whereby after tests have set a standard time for a task the worker receives a high piece rate for doing the job in task time and a lower piece rate for taking longer than task time.
Detailed explanation-3: -Differential Piece Wage System: This technique is the strongest motivator for a worker to reach standard performance. To motivate the workers, Taylor has advised the adoption of differential piece rate system. This system emphasizes on paying different rate of wage for efficient and inefficient employees.
Detailed explanation-4: -Differential Piece Wage System: Under this system, different wages are paid to efficient and inefficient employees. Employees who perform better are paid higher wages than employees who perform below the standard target. This motivates employees to become efficient and earn more.