Flashcards on Employee Remuneration and Wage Systems
Employee Remuneration and Wage Systems: A Student Guide
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Wage policy
52 cards
Card 1
Question: What are the two types of justice that wage policy aims to achieve?
Answer: Internal justice (pay reflects differing performance across departments and individuals) and external justice (pay comparable to wages in similar ente
Card 2
Question: How does the state (Ministry of Labour, Social Affairs and Family) approach wage regulation at the macro level?
Answer: By using macroeconomic regulation of wages through legislation or government action to achieve social and economic policy objectives (e.g., promote em
Card 3
Question: According to the content, what is the purpose of legal regulation of wages by the state?
Answer: To regulate the level or structure of wages to achieve government social and economic policy objectives such as promoting employment, price stability,
Card 4
Question: What constitutional right related to wages is mentioned in the Slovak Republic's Constitution?
Answer: Employees have the right to fair and satisfactory working conditions and to remuneration sufficient to ensure a dignified standard of living.
Card 5
Question: What basic obligations regarding pay does the Labour Code establish?
Answer: An employee must perform work per the employer's instructions; an employer must pay a wage for performed work. The Labour Code contains complete legal
Card 6
Question: List key wage elements regulated by the Labour Code as given in the content.
Answer: Minimum wage entitlements (6 levels), wage and compensation for public holidays, overtime pay, night work pay, and weekend work pay.
Card 7
Question: Name other specific wage-related items regulated by the Labour Code mentioned in the content.
Answer: Pay for work in difficult conditions; pay for active standby duty at workplace; compensation for inactive standby duty; compensation for paid leave an
Card 8
Question: What is the minimum wage (statutory wage) as defined in the content?
Answer: The minimum amount an employer must pay an employee for work performed during a given period; it cannot be reduced by collective agreement or individu
Card 9
Question: What are the stated purposes of the minimum wage in the content?
Answer: To protect workers from unduly low pay, ensure just equitable reward, secure a minimum living standard and minimum social security for those employed
Card 10
Question: What economic functions of the minimum wage are described?
Answer: Sets a lower limit for wages graded by job complexity/responsibility; affects wage costs and thus prices/inflation; motivates work over social incomes