What is the full meaning of wages?
(Entry 1 of 2) 1a : a payment usually of money for labor or services usually according to contract and on an hourly, daily, or piecework basis —often used in plural. b wages plural : the share of the national product attributable to labor as a factor in production.
What is wage in simple words?
A wage is money that is paid by an employer to an employee in exchange for work. They will usually not get the same benefits as those paid with a salary, such as annual leave and sick leave. Wages are usually paid by the hour. This is called an hourly wage. Wages paid by the day are still common.
What do you mean by wages answer?
1. countable noun. Someone’s wages are the amount of money that is regularly paid to them for the work that they do. His wages have gone up.
What is the Gujarati meaning of define?
verb. decide upon or fix definitely.
What are wages?
Definition: A wage is compensation paid to employees for work for a company during a period of time. Wages are always paid based on a certain amount of time. This is usually an hourly basis. Other forms of compensation include salary and commissions.
What are wages and income?
Wage is the payment that one gets for his work. Income is the overall money that one gets. Wage is the money that is paid either monthly, weekly, tri-weekly, daily or as per the hour. Income is the money calculated from all the known sources that could include the wages, gifts, interest, bonuses and dividends.
What is wages and example?
Wage is money paid to a worker for work performed, or the price you pay for doing something wrong or unwise. If you make $10 per hour at work, this is an example of your wage. If the consequences of a lie is punishment, this is an example of a time when the wages of lies are punishment.
What are examples of wages?
Regular wages
- Salary wages. If an employee earns a salary, they receive a fixed, regular payment per year.
- Hourly wages.
- Overtime wages.
- Retroactive pay.
- Commissions.
- Bonus pay.
- Severance pay.
- Accrued time off pay.
Is salary and wages the same?
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. Someone who is paid wages receives a pay rate per hour, multiplied by the number of hours worked. This person is considered to be a non-exempt employee.
What is meant by Molakki?
Molkki is an Indian tradition that involves marrying off poor girls to a wealthy man in exchange for money.
What does will supplement mean?
1a : something that completes or makes an addition. b : dietary supplement. 2 : a part added to or issued as a continuation of a book or periodical to correct errors or make additions.
What is wage employee?
Thus, wage employment can be defined as ‘a mutual agreement between two parties (known as employer and employee) in which the employee (generally an individual) agrees to work for the employer (generally a business firm, government office or sometimes an individual) under some specific terms and conditions and the …