Wage-related labour laws ensure that workers receive fair and timely payment, prevent exploitation through minimum wages, restrict unjust deductions, and ensure non-discrimination through equal remuneration principles (concept). Bonus provisions provide a share in surplus/profits or serve as an incentive (concept).
This topic is asked in exams as:
You should be able to:
Wages generally refer to remuneration paid to an employee/workman for work done (often linked to time or output). Salary is usually fixed periodic payment (monthly), but both represent remuneration for services (concept).
In exam answers, you can write: wages = payment for labour/services including basic pay and allowances as defined by law (concept).
Minimum wages are the minimum rate of wages fixed by the State for specified employment to ensure a worker can meet basic needs and maintain a minimum standard of living (concept).
Purpose (concept):
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Any three factors (concept):
Any three points are sufficient.
Authorized vs unauthorized deductions (concept):
Thus, only lawful and transparent deductions are allowed (concept).
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Wage-related labour laws ensure that workers receive fair and timely payment, prevent exploitation through minimum wages, restrict unjust deductions, and ensure non-discrimination through equal remuneration principles (concept). Bonus provisions provide a share in surplus/profits or serve as an incentive (concept).
This topic is asked in exams as:
You should be able to:
Wages generally refer to remuneration paid to an employee/workman for work done (often linked to time or output). Salary is usually fixed periodic payment (monthly), but both represent remuneration for services (concept).
In exam answers, you can write: wages = payment for labour/services including basic pay and allowances as defined by law (concept).
Minimum wages are the minimum rate of wages fixed by the State for specified employment to ensure a worker can meet basic needs and maintain a minimum standard of living (concept).
Purpose (concept):
Write any 6–8 factors (concept):
Payment of wages laws focus on:
Exam tip: write “deductions must be lawful, transparent and within limits” (concept).
Equal remuneration means paying equal wages/remuneration to men and women for the same work or work of similar nature (concept).
Importance (concept):
Bonus is additional payment over and above wages/salary, often linked to profits, productivity or statutory requirements (concept).
Common types (concept):
At an overview level, bonus provisions typically cover (concept):
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Minimum wages are the legally fixed minimum rates payable for specified employment to prevent exploitation and ensure a basic standard of living (concept).
Minimum wage fixation balances worker welfare with economic realities and supports fair labour standards (concept).