Tag Archives | Wage Payment

Read this article to learn about – 1. Time wage system 2. Piece wage system 3. Advantages of Time wage system 3. Disadvantages of Time wage system 4. Advantages of Piece wage system 5. Disadvantages of Piece wage system 6. Formula for the calculations of Earnings. 7. Pros and cons and field of application of […]

Wage Payment Systems: 4 Major Systems

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Wages, in the widest sense mean, any economic compensation paid by the employer under some contract to his workers for the services rendered by them. Wages, therefore, include family allowance, relief pay, financial support and other benefits. But, in the narrower sense wages are the price paid for the services of labour in the process […]

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Wage Payment Systems: 4 Major Systems