MEASURED DAY WORK (MDW)
\mˈɛʒəd dˈe͡ɪ wˈɜːk ˌɛmdˌiːdˈʌbə͡ljˌuː], \mˈɛʒəd dˈeɪ wˈɜːk ˌɛmdˌiːdˈʌbəljˌuː], \m_ˈɛ_ʒ_ə_d d_ˈeɪ w_ˈɜː_k__ ˌɛ_m_d_ˌiː_d_ˈʌ_b_əl_j_ˌuː]\
Definitions of MEASURED DAY WORK (MDW)
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As an alternative to incentive payment or pay-for-results schemes, production standard or quota is used. In return for quantity and quality workers receive a regular, guaranteed pay rate. It is based on measured work and equipment capabilities. Output exceeding the standards is rewarded with a bonus, while output falling below the required standards is paid pro rata.
By Henry Campbell Black