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Identify the contents of "wage" under various Acts. Discuss

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Identify the contents of "wage" under various Acts. Discuss the difficulties for not having a uniform definition of wages.


Posted on : 2023-07-29 19:32:34 | Author : IGNOU Academy | View : 154

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Word Count : 584

Wage is a critical aspect of employment and is defined differently under various Acts in different countries. In general, wage refers to the compensation given to employees in exchange for their work. Here are some of the contents of wage under various Acts:

  1. Fair Labor Standards Act (FLSA) - The FLSA is a federal law in the United States that establishes minimum wage, overtime pay, and other employment standards. Under the FLSA, the term "wage" includes all forms of compensation, including salaries, bonuses, and commissions, but excludes certain fringe benefits.

  2. Employee Retirement Income Security Act (ERISA) - ERISA is a federal law in the United States that establishes minimum standards for employee _______ ______ __________ _______ _____ _____________ __ __________ _________ ____________ __ __ _______.
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Degree : MASTER DEGREE PROGRAMMES
Course Name : Master in Business Administration
Course Code : MBA
Subject Name : Integrated Marketing Communication
Subject Code : MMPM 7
Year : 2023



IGNOU MMPM 7 Solved Assignment 2023
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