Wages Meaning In Law
To give a pledge or security for the performance of anything. Wage rate Waze TO WAGE contracts.
Common Collocations List In English Break Catch Break A Record Catch A Thief Break A Leg Catch So Izuchenie Anglijskogo Anglijskaya Grammatika Idei Dlya Sochinenij
Wage rates are determined by market forces supply and demand as well as legislation and tradition.
Wages meaning in law. A wage is the distribution from an employer of a security expected return or profits derived solely from others paid to an employee. Phrase with special meaning functioning as verb--for example put their heads together come to an end launch. Wages were paid by check.
The Board is required to fix wages in accordance with the principles of wage fixation. 1 This definition refers to the binding nature of minimum wages regardless of the method of fixing them. Wages Law and Legal Definition.
To wage law c. The act is legally non-binding but statutory. 171 as to sailors wages Abbott on Ship.
But the term real wages refers to the commodities and services that the money wages can provide. Wages are the remuneration or reward for labour. As to wage or gage deliverance.
Wage war on sbsth v expr verbal expression. Minimum wages can be set by statute decision of a. The form in which payment is made when it is made or on what measurement of production it is based does not determine what comprises an.
They saved a quarter of all their earnings pay remuneration salary earnings combat pay - extra pay for soldiers engaged in active combat. Salary and wages are both used to refer to the money paid to someone regularly for the work they do. There are two main kinds of wages- 1 Nominal wages and 2 Real wages.
However these theories are. This is also known as salary Wage rates. Someone who is paid a salary is paid a fixed amount in each pay period with the total of these fixed payments over a.
Wage - something that remunerates. Wages include all cash payments made to employees for services rendered including salaries commissions vacation allowances fees bonuses back pay and many fringe benefits. Under the law wage rates in scheduled employments differ.
A wage board is a statutory body established by the government to tackle the disputes relating to the employers or the employees. He wasted his pay on drink. Wages means all remuneration capable of being expressed in terms of money which would if the terms of the contract of employment express or implied were fulfilled be payable to a person employed in respect of his employment or of work done in such employment.
A Wage Board is a tripartite body with representatives of management and workmen presided over by an independent person nominated by the Government. Wages means all remuneration earnings allowances tips and service charges however designated or calculated payable to an employee in respect of work done or work to be done. Wage boards are set up to review the industrys capacity to pay and fix minimum wages such that they at least cover a family of fours requirements of calories shelter clothing education medical assistance and entertainment.
Like interest is paid out to an investor on his investments a wage is paid from company earnings to the employee on the employees invested assets time money labor resources and thought. Their salary is the total amount of money that they are paid each year although this is paid in twelve parts one each month. In some countries such as the United States market forces are more.
Payment of wages below the minimum wage rate amounts to forced labour. Under section 2 of the Employment Act 1955 the term wages means basic wages and all other payments in cash payable to an employee for work done. The essential difference between a salary and wages is that a salaried person is paid a fixed amount per pay period and a wage earner is paid by the hour.
As to servants wages see Chitty Contr. Salary Professional people such as teachers are usually paid a salary. A compensation given to a hired person for his or her services.
Wages are one of the expenses that a business non-profit organization or government department must incur. There are different theories on the concept of wages as enunciated by economists and sociologists which explain various aspects of wage problems. Minimum wages have been defined as the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period which cannot be reduced by collective agreement or an individual contract.
The Financial Times Lexicon of business terms defines the term as. Wage is a remuneration to labor for the work done for the service rendered by it to the employer. The term nominal wages refers to money wages.
Labour Cost Control Importance Methods Of Wages Payment
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