Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)

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An Analysis of the Vast Gap in Application Scope Between Piece Rate and Efficiency Wages in Recent years

Authors
Yang Zhang1, *
1Faculty of Business, University of Nottingham Ningbo China, 199 Taikang East Road, 330200, Ningbo, People’s Republic of China
*Corresponding author. Email: Biyyz69@nottingham.edu.cn
Corresponding Author
Yang Zhang
Available Online 14 December 2022.
DOI
10.2991/978-94-6463-054-1_48How to use a DOI?
Keywords
Piece Rate; Efficiency Wages; intrinsic needs; extrinsic needs
Abstract

Piece Rate and Efficiency Wages, two categories of incentive systems, which are based on similar economic hypotheses and both win high recognition in their early stages, have had an enormous gap in the scope of application in recent years. This essay elaborates on the reasons from both internal and external perspectives. It finds that, although based on similar inherent defects, Efficiency Wages can win wider application scope because it better meets the intrinsic and extrinsic needs of employees, has fewer constraints on application, and is in line with the incentive needs of industries in the current era.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
14 December 2022
ISBN
10.2991/978-94-6463-054-1_48
ISSN
2352-5428
DOI
10.2991/978-94-6463-054-1_48How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yang Zhang
PY  - 2022
DA  - 2022/12/14
TI  - An Analysis of the Vast Gap in Application Scope Between Piece Rate and Efficiency Wages in Recent years
BT  - Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
PB  - Atlantis Press
SP  - 444
EP  - 451
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-054-1_48
DO  - 10.2991/978-94-6463-054-1_48
ID  - Zhang2022
ER  -