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Wage System শব্দের বাংলা অর্থ: মজুরি সিস্টেম
Wage System Meaning In Bengali মজুরি সিস্টেম
Wage System
Definition
1) The wage system refers to a method of payment where employees receive a fixed hourly, daily, or weekly rate in exchange for their labor or services.
2) In an economic context, the wage system encompasses the structure and dynamics of how wages are determined, negotiated, and disbursed within an organization or industry.
3) The wage system may also pertain to the broader societal framework and regulations governing the minimum wage, overtime pay, and other labor-related policies aimed at ensuring fair compensation for workers.
Examples
Wage System Example in a sentence
1) Many companies operate on a wage system where employees are paid an hourly rate for their work.
2) The wage system can vary greatly depending on the industry and location of the job.
3) Under the wage system, workers are typically compensated based on the number of hours they work.
4) Industries such as retail and hospitality often rely on a wage system to pay their employees.
5) The wage system has come under scrutiny for its potential to exploit workers through low wages.
6) Employees in the gig economy may not have stable wages due to the nature of the wage system.
7) Unions play a crucial role in negotiating fair wages for workers within the wage system.
8) The government sets minimum wage standards to ensure workers are paid a living wage within the wage system.
9) Advancements in technology have enabled companies to track and manage wages more efficiently within the wage system.
10) Some argue that the wage system perpetuates income inequality by favoring certain groups of workers over others.
Part of Speech
Wage System (Noun)
Synonyms
Encyclopedia
The wage system refers to a method of payment where employees receive a fixed hourly, daily, or weekly rate in exchange for their labor or services.
In an economic context, the wage system encompasses the structure and dynamics of how wages are determined, negotiated, and disbursed within an organization or industry.
The wage system may also pertain to the broader societal framework and regulations governing the minimum wage, overtime pay, and other labor-related policies aimed at ensuring fair compensation for workers.
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