What are the 4 types of wages?
Check out the definitions of each wage below to better understand how they may affect employees.
Minimum Wage. Minimum wage is the most widely recognized term in the realm of employee compensation. ... Living Wage. ... Prevailing Wage. ... Tipped Wage. ... Fair Wage. What are the different types of wages? Types of Wages:
Piece Wages: Piece wages are the wages paid according to the work done by the worker. .
[Read More]