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Piecerate incentives: Compensation based on the level of individual output produced (best for manufacturing or production roles). Stock options: Time-sensitive option to purchase shares of company stock at an exclusive rate.
Piecerate incentives: Compensation based on the level of individual output produced (best for manufacturing or production roles). Stock options: Time-sensitive option to purchase shares of company stock at an exclusive rate.
Labor is also referred to as piecerate labor as it is the wage that is paid out to laborers based on their output as compensation for their work. By analyzing how much is spent on producing the product, a manufacturer can set the price for retail so that the company can break even and make profits on the sale of these goods.
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