{"id":466,"date":"2025-09-05T13:15:01","date_gmt":"2025-09-05T12:15:01","guid":{"rendered":"https:\/\/www.thetrainingplace.org\/blog\/?p=466"},"modified":"2025-09-05T13:15:03","modified_gmt":"2025-09-05T12:15:03","slug":"labour-costs-piece-rate-with-guarantee","status":"publish","type":"post","link":"https:\/\/www.thetrainingplace.org\/blog\/2025\/09\/labour-costs-piece-rate-with-guarantee\/","title":{"rendered":"Labour Costs – Piece Rate with Guarantee"},"content":{"rendered":"\n

This gives the employee some security if the employer does not provide enough work
in a particular period. The way that system works is that if an employee\u2019s earnings for
the amount of units produced in the period are lower than the guaranteed amount then
the guaranteed amount will be paid to the employee.<\/p>\n\n\n\n

Illustration:<\/p>\n\n\n\n

Fernando is paid \u00a33.00 for every unit he produces, but he has a guaranteed wage of
\u00a328.00 per day. In a particular week he produces the following:<\/p>\n\n\n\n

Monday- 12 units; Tuesday- 14 units; Wednesday- 9 units; Thursday- 14 units; Friday- 8 units.<\/p>\n\n\n\n

Calculate his wage for this week.<\/p>\n\n\n\n

AAT Level 1 & 2 | The Training Place<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This gives the employee some security if the employer does not provide enough workin a particular period. The way that system works is that if an employee\u2019s earnings forthe amount of units produced in the period are lower than the guaranteed amount thenthe guaranteed amount will be paid to the employee. Illustration: Fernando is paid … Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,21,26],"tags":[],"class_list":["post-466","post","type-post","status-publish","format-standard","hentry","category-aat","category-level-2","category-principles-of-costing"],"yoast_head":"\nLabour Costs - Piece Rate with Guarantee - The Training Place Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thetrainingplace.org\/blog\/2025\/09\/labour-costs-piece-rate-with-guarantee\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Labour Costs - Piece Rate with Guarantee - The Training Place Blog\" \/>\n<meta property=\"og:description\" content=\"This gives the employee some security if the employer does not provide enough workin a particular period. 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