The employer is at liberty to fix any amount as wages depending on factors like qualification required for the post, corresponding wages for similar post in similar industries in the region etc. However, it shall not be less than the statutory minimum wages, if the employment is a scheduled one under the Minimum Wages Act,1948 and if not, not below that of the National Floor Level Wages fixed and periodically revised by the Central Government.
From India, Salem
6016From India, Salem
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx
Delhi - Minimum Wages w.e.f. 01.10.2012 (1).pdf
Minimum Wages in Maharashtra for the period January 2018 to June 2018.xls