PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Labour Law & Hr Consultant
Prashant B Ingawale
Use factoHR and automate your HR processes
Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.
Prashant B IngawaleFor increment there is no any Statutory Act/Law but if it is delayed then employee may start looking for better opportunity outside.
From India, Pune
Salary/wages and its structural composition etc., are, initially,matters forming part of the contract of employment and its periodical revision is subsequently a matter of collective bargaining or in the absence of collective bargaining, a matter of discretion of the employer subject to legal restrictions, if any applicable to the establishment. Therefore, by implication, "increment" refers to the amount of periodical hike with reference to the initial salary or wages as agreed between the employer and employees. In the absence of any such agreement, it can not be claimed by the employees as a matter of right as long as the existing wages do not fall below the statutory minimum wages. In my experience, those employers strictly adopting the statutory minimum wage rates do not grant any periodical increment as the dearness allowance is revised periodically every six months or every year.
From India, Salem
Sandra D'souzaThanks a lot for the valuable advice.
From India, Nagari