ENTREPRENEURSHIP

Detailed explanation-1: -Better Scheduling for Better Lives Workers want flexibility, and being able to offer it is invaluable for businesses looking for labor shortage solutions. Flexible scheduling gives employees more control over their lives and more opportunities to establish a happy balance.

Detailed explanation-2: -Usually the workers are supposed to work for a given time per day or per week. It is called the normal work period whereas overtime is the work done beyond the normal work period. In India, the Factories Act provides for payment of overtime wages at double the usual rate of wages.

Detailed explanation-3: -When a labor shortage occurs, it means that employers are having a difficult time recruiting qualified applicants for available job openings. There aren’t enough candidates to fill the roles they are hiring for, and the few available candidates are hard to find.

Detailed explanation-4: -Most waged employees or so-called non-exempt workers under U.S. federal labor and tax law must be paid at a wage rate of 150% of their regular hourly rate for hours that exceed 40 in a week.