Living Wage - Law Dictionary Search Results
Living wage
Matched in: Term Living wage
Cost of living index number
Matched in: Term Cost of living index number
living wage
Matched in: Term living wage
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cost of living clause
Matched in: Term cost of living clause
Fair wages
Fair wages, mean between the living wage and the minimum wage and even the minimum wage contemplated above is something more than the bare minimum
Bonus
the available surplus of profits, and when paid, it fills the gap, wholly or in part, between the living wage and the actual wage. It is an addition to the wage in that sense, whether it be called
escalator clause
an employment contract that provides for an increase in wages to reflect a rise in the cost of living but prohibits a decrease to reflect a drop in the cost of living … government-imposed cap on costs 2 : a clause in an employment contract that provides for an increase in wages to reflect a rise in the cost of living but prohibits a decrease to reflect a drop in
indexation
a system of economic regulation in which wages and interest are tied to the cost of living index in order to compenaste for the effects of inflation … a system of economic regulation in which wages and interest are tied to the cost of living index in order to compenaste for the effects of
Competent authority
the appropriate Government by notification in its Official Gazette to ascertain from time to time the cost of living index number applicable to the employees employed in the scheduled employments specified in such notification. [Minimum Wages Act, … of living index number applicable to the employees employed in the scheduled employments specified in such notification. [Minimum Wages Act, 1948 (11 of 1948), s. 2 (c)] Means the authority appointed under s. 50. [Persons with Disabilities
Basic wages
payments by whatever name called paid to an employee on account of a rise in the cost of living), house-rent allowance, overtime allowance, bonus commission or any other similar allowance payable to the employee in respect of … Basic wages, means all emoluments which are earned by an employee while on duty or on leave or on holidays
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