Dear Seniors, Wishes! Please guide me:
Is it necessary to keep the inflation rate as a minimum percentage of increment?
For example, should the lowest-rated employee be given the minimum inflation rate, or can we choose any percentage of increment?
Thanks,
Learner & Contributor
From India, Gurgaon
Acknowledge(0)
Amend(0)
11Is it necessary to keep the inflation rate as a minimum percentage of increment?
For example, should the lowest-rated employee be given the minimum inflation rate, or can we choose any percentage of increment?
Thanks,
Learner & Contributor
From India, Gurgaon
Acknowledge(0)Amend(0)
Inflation and DA Component
The inflation is accounted for in the DA component as it is linked with the Consumer Price Index.
Increment Specification
As regards increment, it is specified as a defined amount or percentage of basic pay. Generally, the increment is decided during the long-term wage settlement.
From India, Mumbai
Acknowledge(0)Amend(0)
The inflation is accounted for in the DA component as it is linked with the Consumer Price Index.
Increment Specification
As regards increment, it is specified as a defined amount or percentage of basic pay. Generally, the increment is decided during the long-term wage settlement.
From India, Mumbai
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.
Minimum Wage Rate for 72 Employments 1467-1468.PDF.p df
TN MINIMUM WAGE RATE 18 - 19.xls