A minimum rate of remuneration which shall be applied to an employee working on piece work for the p...........

Industrial Relation and labour law Others

A minimum rate of remuneration which shall be applied to an employee working on piece work for the purpose of securing to such employees a minimum rate of wages on a time work basis under the Minimum Wages Act, 1948 is known as :

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EPFO EO AO 2023

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A minimum piece rate

A guaranteed time rate

A minimum time rate

A guaranteed piece rate

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Explanation:

The Minimum Wages Act, 1948, ensures that workers earning on a piece-rate basis receive adequate compensation by establishing certain standards:

- A minimum piece rate: Ensures a lowest rate per piece produced.

- A guaranteed time rate: Applies to employees on piece work to secure at least a minimum time-based wage, ensuring they are compensated fairly despite the work completed.

- A minimum time rate: Sets the minimum hourly or daily wage but is not specific to piece work.

- A guaranteed piece rate: Provides a minimum per piece rate but not based on time work.

Option 2 (A guaranteed time rate) is the correct choice