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Wage is a monetary payment made by the employer to his employee for the work done or services rendered. A worker may be paid Rs. 100 per day or Rs. 4500 per month. This is wage payment. Internal and external equity means similar pay for similar work. Differences in wages between jobs should be in proportion to the differences in the worth of the jobs.
Wage is a monetary payment made by the employer to his employee for the work done or services rendered. A worker may be paid Rs. 100 per day or Rs. 4500 per month. This is wage payment. Inte…