Final answer:
Employers owe their employees fair wage, pension security, legal compliance, and ethical treatment. Legal requirements include pension insurance contributions and ensuring proper wage and tax handling. Implicit expectations may also exist regarding income stability and job security.
Step-by-step explanation:
An employer owes its employees fair compensation and benefits, adherence to labor laws, and ethical treatment. Adherence to laws like those for pension insurance and provisions for minimum wage are fundamental. Employers contribute to the Pension Benefit Guarantee Corporation to secure pensions even in the event of bankruptcy.
In addition, employer-employee relationships often involve an implicit contract where employees have a cushion against wage reductions during economic downturns, ensuring some income stability.
Employers are also responsible for withholding the correct amount of taxes, as failure to manage income tax can lead to severe penalties. These obligations show that beyond mere payment of wages, employers have multiple financial and moral responsibilities towards their employees, which can include implicit expectations like job security during tough economic times as well as explicit legal requirements such as wage theft and discrimination laws.