What is 'minimum wage' in SAP PY-KZ - Kazakhstan?

minimum wage - Overview

• Component: PY-KZ

• Component Name: Kazakhstan

• Description: The minimum payment that an employee receives on a monthly basis. The government establishes the payment amount annually for the correspondingfiscal year.

minimum wage - Details

• 
  Key Concepts: 
  Minimum wage is a legally mandated amount of money that employers must pay their employees for work performed. In Kazakhstan, the minimum wage is set by the government and is currently set at KZT 28,000 per month. 
  
  How to use it: 
  In SAP, the minimum wage for Kazakhstan is set in the PY-KZ component. This component allows employers to configure their payroll system to ensure that all employees are paid at least the minimum wage as required by law. 
  
  Tips & Tricks: 
  It is important to keep in mind that the minimum wage in Kazakhstan may change over time. Employers should regularly check the PY-KZ component to ensure that their payroll system is up-to-date with the latest minimum wage requirements. 
  
  Related Information: 
  For more information on the minimum wage in Kazakhstan, please visit the official website of the Ministry of Labor and Social Protection of Population of Kazakhstan: http://en.mps.gov.kz/