What does "piece rate" mean?

The monetary amount paid per unit of production in the reward scheme of piece work, contrasting with hourly wage and salary.

Piece rate

Common synonyms include: pay by piece, per piece, per piece plan, per piece price, per piece pricing, per unit.

noun

noun ·Rare ·Advanced level

Noun

1
The monetary amount paid per unit of production in the reward scheme of piece work, contrasting with hourly wage and salary.
2
a fixed rate paid according to the quantity produced. wordnet