Wages and Labour Market
The Belarusian labour market is highly regulated. Important elements of the central-planning system are still in place. In principle, the decision to determine wages is left to firms, but the Government can affect the structure of wages through the so-called tariff system, a type of centrally determined wage grid. The tariff system is binding in the budget sector, including enterprises and organisations mainly financed and subsidised within the state and/or the local budgets. The private (so-called self-financing sector) sector, representing, as already noted, only a small share of employment, has little autonomy.
Read more about this topic: Economy Of Belarus
Famous quotes containing the words wages and, wages, labour and/or market:
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—Unknown. Broom, Green Broom (l. 23–24)