What is a wage determination definition?

A “wage determination” is the listing of wage rates and fringe benefit rates for each classification of laborers and mechanics which the Administrator of the Wage and Hour Division of the U.S. Department of Labor has determined to be prevailing in a given area for a particular type of construction (e.g., building.

What does SCA mean in government?

McNamara-O’Hara Service Contract Act
The Service Contract Act, also referred to as the McNamara-O’Hara Service Contract Act (SCA), is a federal statute which controls the aspect of service contracts entered into between individuals or companies and the federal government, including the District of Columbia, for the contractors to engage “service employees …

What is a SCA position?

The McNamara-O’Hara Service Contract Act (SCA) covers contracts entered into by federal and District of Columbia agencies that have as their principal purpose furnishing services in the U.S. through the use of “service employees.” The definition of “service employee” includes any employee engaged in performing services …

What is the market theory of wage determination?

Classical economists argue that wages—the price of labor—are determined (like all prices) by supply and demand. They call this the market theory of wage determination. When workers sell their labor, the price they can charge is influenced by several factors on the supply side and several factors on the demand side.

What is SCA H&W?

The Health and Welfare Component H&W is the hourly supplement (on top of the base hourly wage) that contractors must pay their SCA employees for each hour that is worked or paid.

What are the type of wages?

Types of Wages:

• Piece Wages: Piece wages are the wages paid according to the work done by the worker.
• Time Wages: If the labourer is paid for his services according to time, it is called as time wages.
• Cash Wages: ADVERTISEMENTS:
• Wages in Kind:
• Contract Wages:

What does SCA stand for in payroll?

Service Contract Act
Service Contract Act (SCA) wage determinations set forth the prevailing wages and benefits that are to be paid to service employees working on covered contracts exceeding $2,500. ◊ Wages. ◊◊ Wages are the monetary compensation provided employees.