Employee compensation is a central aspect of labour laws, encompassing various elements designed to ensure fair and equitable treatment of workers. Here are some key components related to employee compensation commonly addressed in labour laws:
-
Minimum Wage: Labour laws often establish a minimum wage, which is the lowest hourly, daily, or monthly remuneration that employers are legally required to pay their employees.
-
Overtime Pay: Many labour laws mandate that employers compensate employees at a higher rate for hours worked beyond the standard workweek or workday.
-
Wage Deductions: Labour laws regulate permissible deductions that employers can make from employees' wages. These deductions may include taxes, social security contributions, health insurance premiums, and other authorized withholdings.
-
Equal Pay: Labour laws commonly prohibit wage discrimination based on factors such as gender, race, religion, or disability.
-
Bonuses and Incentives: Some labour laws address additional forms of compensation, such as bonuses, commissions, profit-sharing plans, and other financial incentives.
