Meaning of “piece rate” in the English Dictionary

"piece rate" in Business English

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piece ratenoun [ C ]

uk us HR

a way of paying for work that is based on a fixed rate for a particular amount done rather than the time it takes to do the job:

They employed workers in developing countries and paid them on a piece rate.
adjective [ before noun ]

piece-rate work/workers

(Definition of “piece rate” from the Cambridge Business English Dictionary © Cambridge University Press)