It is unlawful for an employer to reduce an employee's remunerations, except as provided under Article 60 of the Federal Law No.
Article 60 of the Employment Law states: "No amount of money may be deducted from an employee's remuneration in respect of private claims, except in the following cases:
He further added that in case a person is paid remunerations from a number of firms, the sums of the remunerations will be added and once the sum of the minimum wage is attained, the last firm that paid remuneration will be obliged to pay the contributions.
In a statement for Utrinski vesnik he said that if an employee was paid both a salary and remuneration from a single employer social security contributions will be paid for both the salary and the remuneration provided their total exceeds 3,000 euros.
The evolution of pay systems refers to the extension and change at their pay systems (agreement/director) in the historic chain of pay systems (from the strong variation of salary relative to production until today when the worker no longer results in volume production this function being returned to machinery, the salary varies less with production to take into account of other demands of its stimulation; from the highly variable payment systems practiced in the early industrialization to the patterns of remuneration that are fixed and stable as the progress of industrialization edifices (2).
Consequently, the evolution of remuneration systems does not indicate only the segment of historical chain reached at, but rather reflects the technical, the technological step which is a national economy, a sector, an industry, sub-branches or a firm.
paid to members of boards of directors of large Danish companies have reportedly gone up significantly in recent years.
This legislative initiative, taken under Article 190@5 of the Treaty of Amsterdam, means that all MEPs would in future receive the same remuneration
, and streamlines the plethora of expenses and allowances.
The decree says the Deputy Supreme Commander of the Armed Forces may amend the remuneration
at his discretion of the public interest.
The Theory and Practice of Directors' Remuneration
: New Challenges and Opportunities
In order to address said weaknesses and achieve greater transparency the Central Bank of Bahrain (the "CBB") has released mandatory remuneration
rules for licensed financial institutions (applies equally to listed licensed financial institutions) in Bahrain (the "New Regulation") under Module HC-5 of Volume 1 and 2 of the CBB Rulebook.