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cm kanika

cm kanika

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Published by Swati Mittal

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Published by: Swati Mittal on Jan 05, 2013
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06/05/2013

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 Statutory Provisions GoverningDifferent Components of Reward System
1.
Payment of Wages Act, 1936
 
Ensure regulate & prompt payment of wages & toprevent the exploitation of the wage earner by prohibiting arbitrary fines & deductions from his wages.
It is also stipulates the rate of payment forovertime work & penal deductions forparticipation in
illegal
strikes (8 days wages from1
day’s
participation in illegal strike)
 
Different institutions related to reward system
 Wage Boards & Pay Commission
 Wage Boards for regulating compensation inindustries belonging to private sector, includingnewspaper establishments & working journalists, while pay commission tend to regulate thecompensation of public sectors.
 
Different institutions related to reward system
 Wage Boards
Statutory & non-statutory in nature.
Set up to protect workers from exploitation of capitalists.

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