Prevailing Wages are the hourly rates paid to workers in specific regions or industries, set by government standards (e.g., Davis-Bacon Act), often for public projects.
- What are prevailing wages?
Answer: They are hourly rates set by government for specific regions or projects. - Who determines them?
Answer: The Department of Labor determines them. - What are they used for?
Answer: They are used for public construction and service contracts. - What are the benefits?
Answer: They ensure fair pay and local wage standards. - How does HR manage them?
Answer: HR ensures compliance on applicable projects.
