I will get this info in a weeks time But i remeber the year. You can check in 1990 or 1991 supreme court judgements I surely will send the reference soon Siva
From India, Chennai
367From India, Chennai
Dear Vasu
Forget designations and salaries for a moment
Generally all organisations will have 5 major drivers
1. Strategic and leadership
2. Business Planning
3. Operational Planning
4. Managing Resources
5. Execution
Most of the organisations jobs will fall under this category
Now fit all your people in this irrespoective of their designations.
Your MD and Board will be in level 1 Strategic
Your AGM and may be be some senior people will be in Business Planning which includes palnning resouces for two to three years.
Your Managers will be in Operational planning They normally are responsible for monthy and quarterly palnning and discuss with Business planning for resources
Your Project leads are the operational managers
Execution is taken care by the last layer
Ever level can have three grades
Siva
From India, Chennai
Forget designations and salaries for a moment
Generally all organisations will have 5 major drivers
1. Strategic and leadership
2. Business Planning
3. Operational Planning
4. Managing Resources
5. Execution
Most of the organisations jobs will fall under this category
Now fit all your people in this irrespoective of their designations.
Your MD and Board will be in level 1 Strategic
Your AGM and may be be some senior people will be in Business Planning which includes palnning resouces for two to three years.
Your Managers will be in Operational planning They normally are responsible for monthy and quarterly palnning and discuss with Business planning for resources
Your Project leads are the operational managers
Execution is taken care by the last layer
Ever level can have three grades
Siva
From India, Chennai
Dear Kumarn
Minimum wages is not revised once in six months.
In fact the minimum wages are fixed by the govt once and there is no ytime frame for revision
But the DA portion of the minimum wages which is linked to Cost of Living Index is revised as per the formula once in three months in Kerala and once in a year in tamilnadu.
Some States follow monthly adjustment too.
Adjustment of DA varies from State to State
Siva
From India, Chennai
Minimum wages is not revised once in six months.
In fact the minimum wages are fixed by the govt once and there is no ytime frame for revision
But the DA portion of the minimum wages which is linked to Cost of Living Index is revised as per the formula once in three months in Kerala and once in a year in tamilnadu.
Some States follow monthly adjustment too.
Adjustment of DA varies from State to State
Siva
From India, Chennai
Hi all
I have come acroos in some posts showing calulation of minimum wages for 30 days.
Minimum wage is calculated on 26 days and not on 30 days.
I have also seen posts linking minimum wage and esi and PF
They are all different legally as of now.
PF Act does not say that we need to pay PF on minimum wages
Bonus Act does not say that we need to pay Bonus on Minimum wages
Legally these authorities can not invoke minimum wages
Having said this, let me caution that thoise who are not paying minimum wages are taking a risk if they are caught by concerned authorities.If the organisation is made to pay minimum wages with retrospective effect, then the liabilities wil be high.
Again, I must say that there is no provision to make minimum wages payable with retrospective effect.
Many organisations are managing with some of these loopholes in law
Look at various legislations in their true perspective.
Siva
From India, Chennai
I have come acroos in some posts showing calulation of minimum wages for 30 days.
Minimum wage is calculated on 26 days and not on 30 days.
I have also seen posts linking minimum wage and esi and PF
They are all different legally as of now.
PF Act does not say that we need to pay PF on minimum wages
Bonus Act does not say that we need to pay Bonus on Minimum wages
Legally these authorities can not invoke minimum wages
Having said this, let me caution that thoise who are not paying minimum wages are taking a risk if they are caught by concerned authorities.If the organisation is made to pay minimum wages with retrospective effect, then the liabilities wil be high.
Again, I must say that there is no provision to make minimum wages payable with retrospective effect.
Many organisations are managing with some of these loopholes in law
Look at various legislations in their true perspective.
Siva
From India, Chennai
Hi PC3107,
You have any written rules as such the minimum wages is Rs. 3000/- in any state and we hire an employee on the salary of Rs. 4000/- then you will pay Rs. 3000/- as basic is compolsury or we can pay Rs. 2500/- as basic and rest Rs. 1500/- in HRA.
its posible or not ? what is that . the don't know about the company rules and ragulation we want only the written rules from any government authority as such if the minimum wages is Rs. 3000/- then employer are elegible to deduct the pf on whole amount or we can distribute that wages as BASIC & HRA. please clear the same.
Thanks
Manoj
From India, Delhi
You have any written rules as such the minimum wages is Rs. 3000/- in any state and we hire an employee on the salary of Rs. 4000/- then you will pay Rs. 3000/- as basic is compolsury or we can pay Rs. 2500/- as basic and rest Rs. 1500/- in HRA.
its posible or not ? what is that . the don't know about the company rules and ragulation we want only the written rules from any government authority as such if the minimum wages is Rs. 3000/- then employer are elegible to deduct the pf on whole amount or we can distribute that wages as BASIC & HRA. please clear the same.
Thanks
Manoj
From India, Delhi
Hi Meenakshi,
Pls find attached the break-up of Rs 16,250 CTC. For your convenience I have derived 3 break ups with basic salary of 30%, 40% and 50%.
I would suggest to keep the basic salary as 40% of CTC if it is for a Non-Metro and 50% in case of Metro.
Regards
From India, Mumbai
Pls find attached the break-up of Rs 16,250 CTC. For your convenience I have derived 3 break ups with basic salary of 30%, 40% and 50%.
I would suggest to keep the basic salary as 40% of CTC if it is for a Non-Metro and 50% in case of Metro.
Regards
From India, Mumbai
Dear Friends,
Normally the Baisc percentage would be around 25 to 30 % of the CTC but at the same time ensure you are adhering to pay that the basic amount prescribed in Minimum wages. HRA will not form a part of Minimum wages
From Malaysia
Normally the Baisc percentage would be around 25 to 30 % of the CTC but at the same time ensure you are adhering to pay that the basic amount prescribed in Minimum wages. HRA will not form a part of Minimum wages
From Malaysia
Hi Vasu,
Attaching here is a pyramid structure for your organization. However, it purely depends upon the role of each position to fit into the pyramid.
I tried fitting them as per my understanding of your structure, however you/your organization may choose to rework on the same.
Hope this would be of some help to you.
Dear All,
You are also requated to pls have a look at it, it provides clear description on the roles of the individuals who may fit into a particular band.
Regards
From India, Mumbai
Attaching here is a pyramid structure for your organization. However, it purely depends upon the role of each position to fit into the pyramid.
I tried fitting them as per my understanding of your structure, however you/your organization may choose to rework on the same.
Hope this would be of some help to you.
Dear All,
You are also requated to pls have a look at it, it provides clear description on the roles of the individuals who may fit into a particular band.
Regards
From India, Mumbai
Dear All
As per the SC Judgment in Airfreight v State of Karnataka (1995 - II - 705 SC) - it is enough that the total amount paid by the employer is more than the notified minimum wage. The law does not visualise component wise comparison.
Therefore, even if Basic and DA amount is less than what is the minimum wage, it is enough if the total wage which you are paying to the employee is more than the minimum wage.
The only problem which an employer will have (if their Basic + DA component is comparitively less when compared to the total salary) will be from the PF officials. That can be tackled if you can very well define and explain to them regarding the other allowances paid. ie the other allowances paid should not be related with a rise in cost of living so that it attracts PF Remittance. An example is food allowance
Regards
Arun
From India, Kochi
As per the SC Judgment in Airfreight v State of Karnataka (1995 - II - 705 SC) - it is enough that the total amount paid by the employer is more than the notified minimum wage. The law does not visualise component wise comparison.
Therefore, even if Basic and DA amount is less than what is the minimum wage, it is enough if the total wage which you are paying to the employee is more than the minimum wage.
The only problem which an employer will have (if their Basic + DA component is comparitively less when compared to the total salary) will be from the PF officials. That can be tackled if you can very well define and explain to them regarding the other allowances paid. ie the other allowances paid should not be related with a rise in cost of living so that it attracts PF Remittance. An example is food allowance
Regards
Arun
From India, Kochi
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