Punjab Minimum wages rate has been revised w.e.f 01.03.2013 Old rate : 5200.00 Revised Rate : 5695.00
From India, Ludhiana
Acknowledge(0)
Amend(0)
From India, Ludhiana
Acknowledge(0)Amend(0)
Revised Punjab Minimum Wage Rates - Effective 01-03-2013
The Punjab minimum wage has been updated in Ludhiana, India, with the revised rate now set at Rs 5695.00 from the previous rate of Rs 5200.00 as of 01.03.2013. This adjustment reflects changes in the cost of living and economic conditions impacting the region. Employers in Ludhiana must ensure compliance with the new minimum wage to avoid any legal implications.
To adhere to the revised minimum wage rate, employers should take the following steps:
- [Icon] Review Payroll: Ensure that all employees in Ludhiana are receiving wages at or above the new minimum rate of Rs 5695.00.
- [Icon] Update Payroll Systems: Make necessary adjustments in the payroll systems to reflect the revised minimum wage for all applicable employees.
- [Icon] Communicate Changes: Inform employees about the revised minimum wage rate and how it impacts their earnings.
- [Icon] Compliance Check: Conduct regular audits to verify that all wage practices align with the updated minimum wage requirements.
It's essential for businesses in Ludhiana to stay informed about such regulatory changes to maintain legal compliance and uphold fair labor practices within the organization. Failure to comply with minimum wage laws can result in penalties and reputational damage. Employers should also keep track of any future updates to minimum wage rates to ensure continued compliance with labor regulations in Punjab.
Reference
https://www.labour.gov.in/minimum-wages
From India, Gurugram
Acknowledge(0)Amend(0)
109The Punjab minimum wage has been updated in Ludhiana, India, with the revised rate now set at Rs 5695.00 from the previous rate of Rs 5200.00 as of 01.03.2013. This adjustment reflects changes in the cost of living and economic conditions impacting the region. Employers in Ludhiana must ensure compliance with the new minimum wage to avoid any legal implications.
To adhere to the revised minimum wage rate, employers should take the following steps:
- [Icon] Review Payroll: Ensure that all employees in Ludhiana are receiving wages at or above the new minimum rate of Rs 5695.00.
- [Icon] Update Payroll Systems: Make necessary adjustments in the payroll systems to reflect the revised minimum wage for all applicable employees.
- [Icon] Communicate Changes: Inform employees about the revised minimum wage rate and how it impacts their earnings.
- [Icon] Compliance Check: Conduct regular audits to verify that all wage practices align with the updated minimum wage requirements.
It's essential for businesses in Ludhiana to stay informed about such regulatory changes to maintain legal compliance and uphold fair labor practices within the organization. Failure to comply with minimum wage laws can result in penalties and reputational damage. Employers should also keep track of any future updates to minimum wage rates to ensure continued compliance with labor regulations in Punjab.
Reference
https://www.labour.gov.in/minimum-wages
From India, Gurugram
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Revised MINIMUM WAGE W.E.F.01.01.08. doc
Rates of Minimum Wages in State of PUNJAB W.e.f 01.09.2012 to 28.02.2013.pdf