Dear all,
I feel that any component of the wages could be revised upwards or downwards based on the understanding between mgt. & workers/unions, but the same should not be less than the min. Wages under the Act. If we consider the quantum of min wages and the wages prescribed under various labour welfare legislations for contributions, it will be seen that the bare compliance will not be affected.
Secondly, going by the present trend of CTC, such adjustments are the order of the day. Ultimately, it is a question of whether the workers raise any dispute over it. If not, proceed without any worry.
Thirdly, as regards Fixed term or contractual employment is concerned, every term is independent of each other and the Mgt. is at liberty to fix compensation based on demand & supply without attracting prov. 9A of ID Act. There is no restrictions thereon.
Seniors may pls guide.
Rgds.