Wage Regulations
Wage regulations are laws and guidelines set by governments to control how much workers are paid. These regulations can include minimum wage laws, which establish the lowest amount an employer can pay an employee, and overtime rules that require extra pay for hours worked beyond a standard workweek.
These regulations aim to protect workers from unfair pay practices and ensure a fair standard of living. They can vary by country and region, reflecting local economic conditions and labor market needs. Compliance with wage regulations is essential for businesses to avoid legal penalties and promote fair treatment of employees.