payment by results

payment by results

a PAY system in which a worker's WAGES and other payments received are related to the amount (or value) of output produced. See PIECEWORK, INCENTIVE BONUS SCHEME, GROUP INCENTIVE SCHEME, MERIT PAY, WORK STUDY.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

payment by results

see INCENTIVE PAY SCHEME, PAY.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
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