The wage Fund - this means organizations spent on wages, bonuses and additional incentives to employees for a specific period of time. In-kind and cash payments are combined using funds that are aimed at consumption. In addition, the consumption fund consists of payments for social protection of the population, as well as the costs of maintaining cultural, sports and healthcare facilities.
Funds allocated for consumption also include accruals to the wage fund. It includes the amounts accrued by a certain organization or enterprise, such as remuneration in kind and in cash for the time that has been worked or not worked. In addition, the wage fund includes lump-sum incentive or
compensation payments related to working conditions, as well as bonuses and payments for housing, food and fuel, which are of a regular nature.
Contribution to the payroll is subject to payment for the time that has been worked out. This includes salaries accrued to employees at salaries, tariff rates, or at piece rates. In addition, this may be the cost of products that were issued in kind, and remuneration of a periodic or regular nature, as well as incentive increases in salaries, compensation payments, depending on the working conditions and conditions, or related to the regional regulation of labor remuneration and etc.
Payments for time that has not been worked out include the following: annual and additional holidays, preferential hours for adolescents, study leave, advanced training and professional training. In addition, the wage fund pays for the work of workers who are involved in the performance of public or state duties, as well as performing agricultural work. This also includes the amounts paid by the organization during a forced absenteeism or downtime through the fault of the enterprise.
Among the lump-sum incentive payments, one-time bonuses are distinguished, remuneration after summing up the results for a year or in connection with work experience, material assistance to most employees, as well as the value of shares or benefits for their acquisition, issued as a reward. In addition, additional payments are made in connection with the receipt of annual leave or monetary compensation in case of refusal to use it, as well as other one-time rewards along with the cost of gifts.
The wage fund includes payments for food, accommodation and fuel.
Not included in the composition of funds that are allocated for consumption, but are included in the fund: the cost of special meals and work clothes, allowances for workers who are aimed at construction, installation and commissioning, travel expenses. The consumption fund also includes payments made by the social protection fund. These include benefits for pregnancy and childcare, in connection with temporary disability, compensation for damage and pensions.