Wage

Wages are the amount of money that an employee receives from an employer for the performance of a particular job specified in the job description or described orally.

Allocate these types of wages:

- the main one. This is a mandatory, pre-agreed payment, depending on the form of payment at the enterprise: salary, piece rate or tariff rate. Also to the basic salary include an additional payment for long service, extra work, overtime, etc.

- additional. This is a kind of reward for the work beyond the norm, encouraging for success, working conditions, weekend benefits, etc. These payments are not mandatory and are conducted at the initiative of the employer.

Depending on the payment system for whichthe employer is working, the employee enters into an employment contract, none of whose items should contradict Article 135 of the LC RF. It is worth noting that all additional payments: surcharges, allowances, bonuses, as well as the conditions under which the work will be performed - must necessarily be specified in the employment contract.

Another important point is the frequency,with which the payment of wages occurs. It should be at least twice a month, this rule is spelled out in Article 136 of the LC RF. The payment days at each enterprise and in each organization must be defined and recorded in the internal rules of the work schedule. If the day of payment falls on the day off, then the payment must be made the day before. As for the holidays, they must be paid within three days from the date of the employee's release on leave. If the vacation was not paid on time, then under Article 124 of the Labor Code the employee has the right to reschedule his vacation for another time.

As for the amounts that accrue to the employee,who works at full rate (having fulfilled the norm), then they should not be less than the minimum wage established by the legislation. Each enterprise has the right to enter its minimum wage (no less than officially defined).

The minimum wage is economicala reasonable amount of money established by law, less than which employers do not have the right to pay their subordinates. For the budgetary sphere, the first-class worker's rate is equal to the minimum wage. With the growth of inflation, the revision of the consumer basket, changes in the gross national product and other factors, the minimum wage is changing. The size of this indicator depends on the majority of social payments. We can say that this amount is the basis for the system of state provision of social guarantees of citizens in the sphere of income.

The economy distinguishes such concepts as real wages and nominal wages.

As for the nominal, it representsthe amount of money that was received from the employer for a certain period of time. This indicator can not reflect the real standard of living of the worker, since an increase in wages does not always indicate an improvement in his ability to pay. While the real salary shows how many services or goods for the received money can be purchased.

To calculate real earnings, you needThe nominal wage for a certain period is divided by the consumer price index taken for the same period. The obtained indicator will reflect the true picture of a person's payment capacity. Diametrically opposite can be the growth dynamics of real and nominal wages, if the country has a rather high level of inflation.

In a market economy, an enterprise has the rightindependently choose the system and form of payment, the mode of work and rest, ways and methods of incentives for their workers. The main condition - the basic guarantees of the state to the sphere of payment and working conditions should be observed by employers.