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Differential Piece Rate
A compensation system where an employee’s pay is based on the quantity of units produced, with different rates applied depending on the worker's productivity levels.
Standard Hour Plan
A compensation system where employees are paid a set rate for each unit of work completed within a standard timeframe.
Straight Piecework Plan
A pay system where employees are compensated based on the number of units they produce or tasks they complete, directly linking pay to output.
Performance-Vested
Incentive plans where rewards, often in the form of stock options or bonuses, are given to employees based on achieving predefined performance targets.
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