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
A wage is a compensation, usually
financial, received by workers in
exchange for their labor.

The
The base
base pay
pay

The
The additional
additional wage
wage Type of WAGE:

Other
Other stimulating
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
1134
1102 1118
1073 1094
960 985 1004
941
01.04.2011 – 30.09.2011
01.10.2011 – 30.11.2011
01.12.2011 – 31.12.2011
01.01.2012 – 31.03.2012
01.04.2012 – 30.06.2012
01.07.2012 – 30.09.2012
01.10.2012 – 30.11.2012
01.12.2012 – 31.12.2012

The monthly minimum wage

Size of hour minimum-wage rate from 2012 to
2013

6,7 6,8
6,56 6,61
6,43
5,92 6,04
5,66 5,77
01.01.2011 – 31.03.2011
01.04.2011 – 30.09.2011
01.10.2011 – 30.11.2011
01.12.2011 – 31.12.2011
01.01.2012 – 31.03.2012
01.04.2012 – 30.06.2012
01.07.2012 – 30.09.2012
01.10.2012 – 30.11.2012
01.12.2012 – 31.12.2012

The hour minimum wage

 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.