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Dream Wage

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A wage is a compensation, usually financial, received by workers in exchange for their labor.

Compensation in terms of wages is given to workers and compensation in terms of salary is given to employees. Compensation is a monetary benefit given to employees in return for the services provided by them.

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Determinants of wage rates

Depending on the structure and traditions of different economies around the world, wage rates are either the product of market forces (supply and demand), as is common in the United States, or wage rates may be influenced by other factors such as tradition, social structure and seniority, as in Japan.

Several countries have enacted a statutory minimum wage rate that sets a price floor for certain kinds of labor.

From Wikipedia under the GNU Free Documentation License
Thu Apr 19 10:53:36 2012

Noun

wage (plural wages)

  1. An amount of money paid to a worker for a specified quantity of work, usually expressed on an hourly basis.
Synonyms

From Wiktionary under the GNU Free Documentation License
Wed Apr 18 09:09:41 2012



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See also:
  • Watson Wyatt WorldwideWatson Wyatt Worldwide
    watsonwyatt.com
    A global human capital consulting firm, Watson Wyatt brings together two disciplines - people and financial management - to help clients improve business performance.
  • Employee Benefit Research InstituteEmployee Benefit Research Institute
    ebri.org
    Organization committed to original public policy research and education on economic security and employee benefits. Site contains press releases and information about current research and study projects.
  • BeneflexBeneflex
    beneflexinc.com
    Administers flexible spending accounts. Company background, definitions and brochures.
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