Wage is the main element of labor cost.

There is no basic wage paid to employees because of their normal work and some other additional payments.

Other than actual work of labor, employees are paid due to legal or/and contractual enforcement or discretionary reasons.

Wage is the amount of money to be paid in cash by an employer or by a third party to a person in return for work performed by him.

Payments are all related to the actual work of labor.