Employee Awareness
- Wages: Minimum wage, overtime pay, equal pay for equal work.
- Working Hours: Maximum work hours, rest periods, and overtime regulations.
- Benefits: Social security, health insurance, maternity leave, and other statutory benefits.
- Occupational Safety and Health: Safe working conditions, hazard prevention, and workers’ compensation.
- Termination of Employment: Notice periods, severance pay, and unfair dismissal protections.
Importance of Labor Standards
- Protecting Worker Rights: Ensures fair treatment and prevents exploitation.ย ย ย
- Promoting Social Justice: Creates a level playing field for workers.ย ย ย
- Enhancing Productivity: Contributes to a motivated and satisfied workforce.
- Economic Stability: Prevents labor unrest and promotes industrial peace.
Challenges in Labor Standards Enforcement
- Informal Economy: Difficulty in regulating workers in the informal sector.
- Global Supply Chains: Ensuring compliance in complex supply chains.
- Economic Pressures: Balancing labor standards with economic growth.
Labor Standards and Global Trade
International labor standards play a crucial role in global trade. Organizations like the International Labour Organization (ILO) set global labor standards to promote fair competition.