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In case a worker in a factory works overtime, what is the rate at which they are entitled to wages as per the Factory Act?
- a)1.5 times the ordinary rate of wages
- b)2 times the ordinary rate of wages
- c)1.25 times the ordinary rate of wages
- d)2.5 times the ordinary rate of wages
Correct answer is option 'B'. Can you explain this answer?
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In case a worker in a factory works overtime, what is the rate at whic...
The Factory Act stipulates that when a worker in a factory works in excess of the regular working hours, they are entitled to overtime wages at the rate of two times their ordinary rate of wages. This provision encourages fair compensation for extra effort put in by workers beyond their normal working hours.
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In case a worker in a factory works overtime, what is the rate at whic...
Understanding Overtime Wages Under the Factory Act
In many countries, the Factory Act regulates the working conditions and wages of factory workers, particularly when it comes to overtime. Workers are entitled to additional compensation for hours worked beyond their standard shifts.
Overtime Wage Rate
- The standard overtime wage rate is typically set at 2 times the ordinary rate of wages. This means that for every hour worked beyond the usual working hours, a worker should receive double their regular hourly wage.
Rationale Behind the Rate
- Fair Compensation: The rationale for this higher rate is to ensure fair compensation for the additional effort and time that workers put in during overtime.
- Encouragement to Limit Overtime: By offering a significantly higher rate, it discourages employers from overworking their staff and encourages them to schedule work within normal hours whenever possible.
Legal Framework
- The specific provisions regarding overtime wages can vary by jurisdiction, but many labor laws, including the Factory Act, maintain the principle of paying workers at least double for extra hours worked.
Conclusion
In summary, according to the Factory Act, if a worker in a factory works overtime, they are entitled to wages at a rate of 2 times their ordinary rate of wages. This ensures that workers are compensated fairly for their additional labor, promoting a balance between work and personal life.
In many countries, the Factory Act regulates the working conditions and wages of factory workers, particularly when it comes to overtime. Workers are entitled to additional compensation for hours worked beyond their standard shifts.
Overtime Wage Rate
- The standard overtime wage rate is typically set at 2 times the ordinary rate of wages. This means that for every hour worked beyond the usual working hours, a worker should receive double their regular hourly wage.
Rationale Behind the Rate
- Fair Compensation: The rationale for this higher rate is to ensure fair compensation for the additional effort and time that workers put in during overtime.
- Encouragement to Limit Overtime: By offering a significantly higher rate, it discourages employers from overworking their staff and encourages them to schedule work within normal hours whenever possible.
Legal Framework
- The specific provisions regarding overtime wages can vary by jurisdiction, but many labor laws, including the Factory Act, maintain the principle of paying workers at least double for extra hours worked.
Conclusion
In summary, according to the Factory Act, if a worker in a factory works overtime, they are entitled to wages at a rate of 2 times their ordinary rate of wages. This ensures that workers are compensated fairly for their additional labor, promoting a balance between work and personal life.
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In case a worker in a factory works overtime, what is the rate at which they are entitled to wages as per the Factory Act?a)1.5 times the ordinary rate of wagesb)2 times the ordinary rate of wagesc)1.25 times the ordinary rate of wagesd)2.5 times the ordinary rate of wagesCorrect answer is option 'B'. Can you explain this answer?
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In case a worker in a factory works overtime, what is the rate at which they are entitled to wages as per the Factory Act?a)1.5 times the ordinary rate of wagesb)2 times the ordinary rate of wagesc)1.25 times the ordinary rate of wagesd)2.5 times the ordinary rate of wagesCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In case a worker in a factory works overtime, what is the rate at which they are entitled to wages as per the Factory Act?a)1.5 times the ordinary rate of wagesb)2 times the ordinary rate of wagesc)1.25 times the ordinary rate of wagesd)2.5 times the ordinary rate of wagesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In case a worker in a factory works overtime, what is the rate at which they are entitled to wages as per the Factory Act?a)1.5 times the ordinary rate of wagesb)2 times the ordinary rate of wagesc)1.25 times the ordinary rate of wagesd)2.5 times the ordinary rate of wagesCorrect answer is option 'B'. Can you explain this answer?.
In case a worker in a factory works overtime, what is the rate at which they are entitled to wages as per the Factory Act?a)1.5 times the ordinary rate of wagesb)2 times the ordinary rate of wagesc)1.25 times the ordinary rate of wagesd)2.5 times the ordinary rate of wagesCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In case a worker in a factory works overtime, what is the rate at which they are entitled to wages as per the Factory Act?a)1.5 times the ordinary rate of wagesb)2 times the ordinary rate of wagesc)1.25 times the ordinary rate of wagesd)2.5 times the ordinary rate of wagesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In case a worker in a factory works overtime, what is the rate at which they are entitled to wages as per the Factory Act?a)1.5 times the ordinary rate of wagesb)2 times the ordinary rate of wagesc)1.25 times the ordinary rate of wagesd)2.5 times the ordinary rate of wagesCorrect answer is option 'B'. Can you explain this answer?.
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