Minimum

wage
Ruslan Degtyar
Fkd-41
 Contents
1. The essence of wage.
2. Payment systems.
3. Minimum wage.
4. Calculation of the minimum
wage hourly rate.
5. Wage dependence.
6. Size of minimum-wage from
2012 to 2013.
7. Conclusions.
 The essence of wage
Awageis a compensation, usually
financial, received by workersin
exchangefor theirlabor.

The
The base
basepay
pay

The
The additional
additional wage
wage Type of WAGE:

Other
Otherstimulating
stimulating and
and
compensative
compensative payments
payments
 Payment systems

The time form of The piece form of

payment payment
Simple time wage of work Piece payment
Temporarily-award Piece-bonus payment
payment Piece-progressive payment
Collectively payment
Accord payment
 Minimum wage

state social
officially adopted
guarantee
by the state as
obligatory on the
minimum
territory
level of wages
of Ukraine
 Calculation of the minimum
wage by hourly rate

WRh
WRh == Wm/An
Wm/An

When,
WRh - hourly minimum wage rate
Wm -size of minimum-wage per month
An-average monthly norm of work duration of
a 40 hours workweek.
 Wage rate depends on:

time labour
duration conditions
complication qualification
of work of workers
Size of monthly minimum-wage from 2012 to
2013
Size of hour minimum-wage rate from 2012 to
2013
 The governmental policy concerning
minimum wages must be reconsidered and
changed.
Some employers try to decrease the tax
rates and pay a minimum wage. It helps to
create a shadow economy. To my mind this
problem must be solved as soon as possible.
Minimum wage depends on the
subsistence level in the country.