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Explain with suitable example the technique of Differential place rate system

Posted by Suraj Shukla 5 years, 6 months ago

CBSE > Class 12 > Business Studies

1 answers

Sia ? 5 years, 6 months ago

A differential piece-rate system is a method of wage payment in which after tests have set a standard time for any task assigned the worker gets a high piece rate for completing the job within the allotted time and lower piece rate for completing the job beyond the allotted time.

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