ivorybat371Lv1
16 Dec 2021
Problem 42
Page 351
Section: CRITICAL THINKING QUESTIONS
Chapter 14: Labor Markets and Income
Textbook ExpertVerified Tutor
16 Dec 2021
Introduction
Wages and salaries are the payment for work agreed between an employee and his or her employer under the contract of employment in the private sector and for contractual agents in the public service, or employment for civil servants. It includes the basic salary, but also bonuses and allowances, compensation for overtime hours worked, employee savings, other indemnities and related compensations and payments in kind. Whereas, a highly skilled worker is one who is capable of working efficiently and supervises efficiently the work of skilled employees.
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