HR Glossary

Piece Rate

Table of contents

Piece rate definition

Piece rate refers to a wage determination system in which the workers get paid by result like each unit of production at a fixed rate.

what-is-piece-rate

Piece rate definition

Piece rate refers to a wage determination system in which the workers get paid by result like each unit of production at a fixed rate.

See TalentLyft in action

Applicant Tracking, Recruitment Marketing, Sourcing and Talent CRM software are powerful alone, but unstoppable when used together!


Related content

  • Accessibility refers to the ease with which company's facilities, products, services, functions or people are available to as many employees as possible.Definition of accessibilityAccessibility refers to...

  • Co-employment is the relationship between an employer and a firm specialized in employee leasing or a Professional employer organization (PEO).Co-employment definitionCo-employment is the relationship between an...

  • A cover letter is a written document submitted with a resume to provide additional information on skills and experience and to explain the applicant's credentials and...

  • Due diligence refers to the process of investigating and assessing a person, business or details of an investment to assess suitability, risk, potential value and reward...

Explore more topics

  • Internal Recruitment

    Your organization's most valuable assets are the talents you already have. Maximize the potential of your existing workforce and learn how to use internal recruitment to build a stronger, more agile, and highly skilled team that's ready to tackle the future.

  • News & Updates

    TalentLyft is constantly improving as we're implementing new features and integrations. In this section you'll find all of our recent updates and and integrations we've implemented to make every user's experience the best it can be!

  • Conducting Interviews

    Interviews are the make-or-break phase of the recruitment process as this is where you truly get to know the candidates and try to get the best out of them. Effective interviews require preparation and use of the right methods and strategies to get the most from a limited time frame. In this blog section, we dive into the art of conducting interviews, exploring the best tactics, the most efficient methods, and useful strategies to make you a better interviewer.

  • Recruitment by Industry

    Tailor your recruitment strategies to fit specific industries. Learn the unique challenges and best practices for hiring in sectors like healthcare, tech, retail, finance, and more. Discover industry-specific approaches to sourcing talent, crafting job descriptions, and optimizing your recruitment efforts for success.

  • Recruitment Trends

    Stay up-to-date with the latest trends shaping the recruitment industry. From AI and automation to remote hiring and employer branding, discover how modern recruitment strategies are evolving. Learn to adapt to these trends and enhance your talent acquisition process to attract top candidates in a competitive market.

  • Employee Referrals

    Boost your hiring success with employee referrals. Leverage the power of your existing workforce to recommend top talent, reducing time-to-hire and improving candidate quality. Learn how to create an effective employee referral program that incentivizes employees, enhances engagement, and strengthens your recruitment pipeline.

Simple and affordable recruitment software