Salary - this is the amount of money that an employee receives from the employer for the performance of a particular specified in the job description, or described in oral work.
There are these types of wage:
- basic.This is a mandatory pre-payment of the agreed depending on the form of payment at the company: salary, piece-rate or flat rate.Also include basic salary supplement for seniority, bonus, overtime work, etc.
- extra.This kind of reward for work in excess of, a reward for success, working conditions, termination benefits, etc.These payments are not mandatory and are held by the employer.
Depending on the system of payment by which the employer operates, the employee enter into an employment contract, none of the items which should not conflict with Article 135 of the Labour Code.It is worth noting that all of the additional payment: additional payments, allowances, bonuses, and the conditions under which the work will be performed - should be required to be specified in the employment contract.
Another important point is the frequency with which the payment of wages.It should be at least twice in the past month, this rule spelled out in Article 136 of the Labour Code.Days of payments at each enterprise and each organization should be identified and recorded in the internal rules of labor regulations.If pay day falls on a weekend, the payment must be made the day before.As for selling, they have to pay within three days of the release of the employee on leave.If the holiday is not paid on time, that under Article 124 of the Labour Code the employee has the right to postpone your vacation for another time.
With regard to the amounts that accrue to the employee who works full-time (to fulfill the norm), then they should not be less than the established minimum wage legislation.Each company may introduce a minimum wage (at least officially defined).
minimum wage - it is economically reasonable amount of money set by the legislation is less than that employers do not have the right to pay their subordinates.For the public sector the rate of the working first category is the sum of the minimum wage.With rising inflation, the revision of the consumer basket, changes in gross national product and other factors, the minimum wage changes.From the size of this parameter depends on the majority of social benefits.We can say that this amount is the basis for the system of state social guarantees of citizens in the area of revenue.
The economy distinguish concepts such as real wages and nominal wages.
As for the nominal, it is the amount of money that has been received from the employer for a certain period of time.This figure can not display the real standard of living of working as an increase in wages does not always indicate an improvement in his ability to pay.While real wages shows the amount of goods or services for the received amount of money can buy.
to calculate real wages, nominal wages must be for a specific period divided by the consumer price index, taken in the same period.The resulting figure and will show the true picture of the payment abilities.Diametrically opposite may be the growth dynamics of real and nominal wages if the country's relatively high level of inflation.
In a market economy, the company has the right to choose their own system and form of remuneration, working hours and rest, the methods and techniques of incentives for their workers.The main condition - the fundamental guarantees of the State field of pay and working conditions must be respected by employers.
