Minimum wage mentions the lowest hourly wage paid by an employer to their workers. Although this rate varies in different countries, it is primarily calculated by dividing the total employee’s cost of living by the number of hours needed for working full-time employment. An employer usually states its minimum wage on the job note before recruiting employees and at the time of signing an employment contract.
Stay up-to-date with all things Akrivia HCM
By subscribing, you agree to our terms and conditions.