piece rate Meaning in the Cambridge English Dictionary

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 ​fixedrate for a particular ​amount done rather than the ​time it ​takes to do the ​job: They ​employedworkers in ​developing countries and paid them on a ​piecerate.
adjective [before noun]
piece-rate ​work/​workers
(Definition of piece rate from the Cambridge Business English Dictionary © Cambridge University Press)
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