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In recognition of worker contribution to organizational well being, salaries are paid.
Payday for workers is one to anticipate in every organization no matter the scale or size. Nobody gets paid for work that is not done instead; payment is made in proportion to the contribution made to organizational value.
The determination of how much a worker earns depends on a variety of factors such as;
1) the agreed pay rate on offer of employment
2) the rate per task for piece-rate workers
3) the actual number of hours earned
4) the prevailing wage rate in an industry
5) worker compliance with terms of employment
6) the worker's specialty
2) the rate per task for piece-rate workers
3) the actual number of hours earned
4) the prevailing wage rate in an industry
5) worker compliance with terms of employment
6) the worker's specialty
When a worker gets employed in an organization, he becomes entitled to the stated remuneration and benefits for such position. Organizations recognize that workers may be faced with challenges that their immediate finances might be unable to cater for or adequately support. In this regard, corporate concerns make payday loans to their workers against their expected earnings for the month. The worker in turn, will make remittance of the loan on payday from the emoluments due him.
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