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Elaborate on the Nepalese government regulations of compensation in Nepal based on wages, welfare, and incentive provisions.

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Elaborate on the Nepalese government regulations of compensation in Nepal based on wages, welfare, and incentive provisions.

The Nepalese government has established various laws to ensure fair compensation for workers. These regulations cover wages, welfare provisions, and incentive schemes. Below are the key regulations with their explanations. 1. Wages Regulations 1.1 Minimum Wage The government sets a minimum wage to ensure workers receive fair pay. It is revised periodically based on inflation … Read more

What Employment Benefits Must Employers Provide to Employees Under the Labor Act, 2074 B.S.?

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What Employment Benefits Must Employers Provide to Employees Under the Labor Act, 2074 B.S.

Employment Benefits encompass a variety of non-wage compensations offered to employees alongside their standard salaries or wages. These benefits aim to improve the overall health, security, and job satisfaction of the workforce. They typically include health insurance, retirement contributions (such as provident funds and gratuities), paid leave (including annual leave, sick leave, and maternity/paternity leave), … Read more