What are the different wage levels?
5 Wage Types and How They Affect Your Employees
- Minimum Wage. Minimum wage is the most widely recognized term in the realm of employee compensation.
- Living Wage. Living wage is the lowest wage at which the wage earner and his/her family can afford the most basic costs of living.
- Prevailing Wage.
- Tipped Wage.
- Fair Wage.
What is the difference between WG and GS?
Each occupational general schedule (GS) group is further subdivided into specific numerical codes called Job Series (for example: GS-856, Electronics Technician, GS-318, Secretary Series, etc.). The Wage Grade (WG) Trades and Labor Schedule offers an additional 36 occupational families; WG-2500 through WG-9000.
How do I go from gs11 to GS-12?
At least 1 year of your specialized experience must be equivalent to the next lower grade level. For example, to qualify for a GS-12 grade (or equivalent) level, you must have a minimum of 1 year of specialized experience equivalent to a GS-11 grade (or equivalent) level.
What are wage rates?
Wage rates measure the basic remuneration per time unit or unit of output. Wage rate data should relate to an appropriate time period – hour, day, week or month. Wage rates may be viewed from the perspective of a “price” of labour services.
What are the characteristics of a wage board?
The wage boards are tripartite in character having representatives of workers, employers, and independent members participate and finalize the recommendations. The utility of such boards in the present context is debatable.
What kind of pay scale does the federal government use?
The Federal Wage System (FWS) is a pay scale system that applies to blue-collar Federal government workers. The Office of Personnel Management, with the help of local labor unions, establishes hourly FWS pay tables for every major Government facility in the United States.
What is the average salary of a board of directors?
The average salary for a Member of the Board of Directors is $62,465.
Can a wage board be enforceable under the law?
Except for the wage boards for journalists and non-journalist newspaper and news-agency employees, which are statutory wage boards, all other wage boards are non-statutory in nature. Therefore, recommendations made by these wage boards are not enforceable under the law.