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Wage Fixing শব্দের বাংলা অর্থ: মজুরি নির্ধারণ
Wage Fixing Meaning In Bengali মজুরি নির্ধারণ
Wage Fixing
Definition
1) The illegal practice of employers conspiring to artificially set or fix wages for employees at a certain level, often to lower labor costs and reduce competition in the job market.
2) Any agreement or arrangement between employers or companies to establish a standard wage rate for workers within a particular industry or sector, potentially leading to unfair labor practices and lack of employee bargaining power.
3) The act of determining a fixed or predetermined rate of pay for employees, usually based on factors such as job roles, experience, and market conditions, as part of a structured compensation system within an organization.
Examples
Wage Fixing Example in a sentence
1) The executives were accused of engaging in illegal wage fixing to unfairly control employees' salaries.
2) The labor union pushed for an investigation into alleged wage fixing practices within the company.
3) Wage fixing agreements between employers can result in decreased competition and lower wages for workers.
4) Companies that are found guilty of wage fixing can face hefty fines and legal repercussions.
5) The government implemented strict regulations to prevent wage fixing in the industry.
6) Employees filed a lawsuit against their employer for engaging in wage fixing to suppress their earnings.
7) Wage fixing undermines the principles of fair competition and equality in the workplace.
8) The collusion between rival companies for wage fixing purposes was uncovered by authorities.
9) Whistleblowers play a crucial role in exposing instances of wage fixing within organizations.
10) Transparency and accountability are essential in combating the harmful effects of wage fixing on employees' livelihoods.
Part of Speech
Wage Fixing (Noun)
Synonyms
Encyclopedia
The illegal practice of employers conspiring to artificially set or fix wages for employees at a certain level, often to lower labor costs and reduce competition in the job market.
Any agreement or arrangement between employers or companies to establish a standard wage rate for workers within a particular industry or sector, potentially leading to unfair labor practices and lack of employee bargaining power.
The act of determining a fixed or predetermined rate of pay for employees, usually based on factors such as job roles, experience, and market conditions, as part of a structured compensation system within an organization.
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