piece rate

piece rate definition - business

piece rate

Employee pay based on the units of production the employee completes. For example, an agricultural worker receives 50¢ for each bushel of oranges that is picked.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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