MEANING OF WAGES AND ITS TYPES-ALL YOU NEED TO KNOW
Wages are the financial benefits given by the employer to the workers for their labour. ‘Labour’ in fact means all types of physical and mental efforts being done by the workers to complete the task of their master. Besides remuneration in cash, certain non-financial benefits can also be provided to the labourers such as free accommodation, free travel etc. No normal person will even think of doing work for “no compensation.” At religion places like, temples and Gurudwaras people offer work for no incentives , but still some sort of thought for spiritual compensation do exist in their minds……………
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