Principal Hr Consultant
Head - Outsourcing
Hr Solution For Ashutosh
Srinath Sai Ram
kindly go through the contents.
Report on the Working of the Minimum Wages Act
21st April 2017 From India, Delhi
21st April 2017 From India, New Delhi
Almost all State Govts are notifying MW for various industries with different wages and DA. There has been huge difference in wages and DA for different industries. Can any Govt justify the difference ?. While the DA is common for all categories of employees in a particular industry, why should there be difference in wages and especially DA for different industry ?. Can the Govt assure different prices in vegetables or groceries for a worker in an Engineering industry and Construction field ?. Experts could explain the rationale for such decision of State Govts. Thanks and Regards.
N Nataraajhan, Sakthi Management Services (Hp : + 91 94835 17402)
21st April 2017 From India, Bangalore
Whereas Variable Dearness is linked to Consumenr Price index
22nd April 2017 From India, New Delhi
2. Some Consultants have advised that the monthly gross wages are the minimum wages, whereas, some are of the opinion that basic wage and dearness allowance/special allowance are the components of minimum wages.
3. CTC is not a legal term, it is purely a commercial term hence when you are dealing with minimum wages(which is a legal term) forget about CTC as it is not a recognized concept under labour laws.
24th April 2017 From India, Thane
(i) the value of--
(a) any house-accommodation, supply of light, water, medical attendance, or
(b) any other amenity or any service excluded by general or special order of the appropriate
(ii) any contribution paid by the employer to any Pension Fund or Provident Fund or under any scheme of
(iii) any travelling allowance or the value of any travelling concession;
(iv) any sum paid to the person employed to defray special expenses entailed on him by the nature of his
(v) any gratuity payable on discharge;
in some States the authorities are making it compulsory that the Basic Salary defined in the Salary structure should be equivalent to the Minimum Wages declared. They claim that the employer in order to keep the PF contribution less, defines Basic salary lesser than Minimum wage declared. In such cases, they are also insisting that the salary needs to be restructured with immediate effect.
Can i have your views on the same ?
24th April 2017 From India, Mumbai
very good wishes ,minimum wage means basic salry + DA(The Minimum rates of wages notified are basic rate of minimum wages which are not permitted to be segregated into components in the form of allowance by the employer.)
a notification of HR Gov is also I uploaded after viewing the things are Crystal clear to you.
24th April 2017 From India, Delhi