GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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John is paid piece rates. What does this mean?
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He is paid according to how much time is worked
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He is paid according to how much output is made
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He is paid according to how many items are sold
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None of the above
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Explanation:
Detailed explanation-1: -Piece rate is defined as work paid according to the number of units produced (e.g. the number of T-shirts or bricks produced) instead of being paid on the basis of time spent on the job.
Detailed explanation-2: -Popularly referred to as piece work, piece-rate pay is an employment system where the employers pay their employees per item of work completed, rather than per hour or at a fixed yearly salary.
Detailed explanation-3: -Quantity produced = output x piece rate The quantity produced by a worker will be multiplied by the rate per unit for calculating wages. An equitable piece rate should be fixed for giving incentive to the workers for producing more.
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