What are the forms of wages
Let's consider in detail types and forms of wages which are applied in accounting.
There are two generally accepted forms of wages - this is the main and additional types of calculation for the work done.
Forms of wages
Additional payment - separate payments,stipulated by the legislation. These include the payment of holidays, preferential hours, during the execution of state or public activities, the payment of benefits when the employee is dismissed, etc.
Nowadays such forms are often usedwages, as an hourly and contractual settlement for the work performed. The amount of remuneration for worked time is established by hourly payment. To do this, you need to multiply the time worked by the amount of payment for a certain period of time.
Hourly calculation for the work performed is applied in professions where the technological regime is established:
- mass-flow production;
- automated production;
- production with the predominance of hardware processes.
Hourly salary is advantageous in that it allows without effort to increase the work interval without changing its payment.
Types and forms of wages
The advantages of an hourly wage rate inthat the number of hours actually worked out is paid for. It is advantageous for entrepreneurs that when the economic situation of a firm deteriorates, it can reduce the employee's working hours compared to a normal working day.
There are still other forms of wages, such aspiece-by-piece (piece-rate) and time-based salaries. The value of the first depends mainly on the amount of goods produced or work performed. Dependence is determined by calculating the price for one unit of output. The data for the calculation is the price of labor for a day or an hour and the rate of the quantity of products that an employee produces on average per day or hour.
The price per piece of goods can be calculated as follows: the hourly or daily price of labor must be divided into the rate of production.
As regards piece-rate pay, as one of theforms of wages - here it is necessary to establish a measure of intensity (intensity) of the employee's work. This is done with the help of the rate of production of the volume of goods, which the worker makes for a specific time. Similar rates of output are paid in a certain amount. That is, the more fruitful the worker is working and making more products, the higher will be the payment of his labor.
Concerning the payment of working hours, a number of theories are distinguished:
- The theory of productivity;
marginal productivity.
Fee for work is the price for a person's work.
Forms of wages:
- nominal - the amount of money that an employee receives for his work;
- real wages - means of subsistence that an employee can get for his earned money.
