Wage Costs and Employee Benefits

Paper Summary:

This paper begins with a legal definition of an employee and then goes on to explain what wage costs are from a business perspective. The paper explains how wage costs are set by the U.S. Department of Labor and then describes employee conditions for comparable workers in Mexico, which includes a look at the benefits the employees receive and how wage costs are calculated there.

From the Paper:

"The Legal definition of an Employee is "a person who is hired by another person or business for a wage or fixed payment in exchange for personal services and who does not provide the services as part of an independent business; Any individual employed by an employer". There are in existence three tax laws that will apply to employees. Under this law, when the person who has employed the individual has any sort of right over his employee, then he can control his working methods in any manner, including the end result expected of him, and the details of how and when and where the job is to be done. "Where the employer does not possess that right, the individual involved is an independent contractor, not an employee".

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