A wage is a compensation, usually financial, received by workers in exchange for their labor. Compensation in terms of wages is given to workers
In the 1950s and 60s, when the organized labour sector was at a nascent stage of its development without adequate unionization or with trade unions without adequate bargaining power, Government in appreciation of the problems which arise in the arena of wage fixation due to absence of such bargaining power, constituted various Wage Boards. The Wage Boards are tripartite in character in which representatives of workers, employers and independent members participate and finalise the recommendations. The utility and contribution of such boards in the present context are not beyond question. Except for the Wage Boards for journalists and non-journalists newspaper and news-agency employees, which are statutory Wage Board, all other Wage Boards are non-statutory in nature. Therefore, recommendation made by these Wage Boards are not enforceable under the law.
5. Function of the Minimum Wages Board: Minimum Wages Board is functioning on the guidelines stated in the Bangladesh Labour Law, 2006 and the Rules stated in the Minimum Wages Rules,1961. The Board made the recommendation of minimum rates of wages of workers in certine industrial undertaking referred by the Government. The Government by notification in the official Gazette nominate the employer and employee member of the concerned industrial sector and gives direction to the Minimum Wages Board to fix minimum wages to this industrial sectors. After getting this direction, the Minimum Wages Board starts its works to fix minimum wages. The Minimum Wages Board before making its recommendation considers the condition of the industries, nature of works of the worker, economic and social condition, paying capacity of the employer, profit and loss of the industries etc.Where the Board made a recommandation then published it in official Gazette and request...
Please join StudyMode to read the full document