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The Wage Earners' Welfare Board was established in 1990 to manage the Wages Earners’ Welfare Fund which was started together. It is managed by an intergovernmental official run board. [ 3 ] The board was made into a statutory organisation through the Wage Earners’ Welfare Board law-2016. [ 4 ]
Wages Earners’ Welfare Fund is a Bangladesh government fund that was created for the welfare of migrant workers and financed by mandatory contributions from migrant workers under the Ministry of Expatriates' Welfare and Overseas Employment. [1] [2] It is managed by the Wage Earners' Welfare Board. [3]
The purpose of forming this ministry is to ensure the welfare of expatriate workers and expand foreign employment. The Ministry has been working to ensure the welfare of all migrant workers by increasing the flow of remittances and creating opportunities of securing overseas employment for workers from all regions of the country. [3]
Alternatively, all or a part may be paid in various other ways, such as payment in kind in the form of goods or services provided to the employee, [1] such as food and board. For tax purposes, wages and salaries normally do not include other non-cash benefits received by an employee, such as flights, payment of school fees etc.
Employee funds (Swedish: Löntagarfonder), sometimes referred to as Wage Earner funds, [1] is a socialist version of sovereign wealth funds whereby the Swedish government taxed a proportion of company profits and put into special funds charged to buy shares in listed Swedish companies, with the goal of gradually transferring ownership in medium to large companies from private to collective ...
Often, childcare costs can exceed a low-wage earners' income, making work, especially in a job with no potential for advancement, an economically illogical activity. [21] [18] However, some single parents are able to rely on their social networks to provide free or below-market-cost childcare. [21]
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