Joe owns a business which produces wooden furniture he employs 20 workers in the production Department and three workers in the office is Joe pays all his workers wages which are calculated by time rate but he is thinking of changing to peace rate

The peace rate will result in lower total wages than time rate.

Explanation:

Piece rate is a wages calculator in which labors are paid for the piece of work done by them. They are paid for the quantity of units produced irrespective of time consumed. Time rate is wage calculation method in which wages are calculated based on hours worked. The major disadvantage for this method is that labors can waste time making products due to securing high wage.

Assuming you're talking about 4 trends in modern workplace :

- More remote work

More companies allowing their employee to do their jobs outside the company since it's easy to submit your work from anywhere with internet access

- More Flexibility

More companies give home and work balance time for their employees

- Gender equality

More female gain access to the higher positions in the workplace

- New laws for overtime

The Federal Government proposed a new rule in which the companies have to pay an overtime above 40 hours a week

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