Dear HR Folks,
I need your recommendations and inputs on the below.
I have planned to propose my employer to revise the Basic Pay based on Grading of Present drawing salary.
The purpose of the proposal is to have equitable structure in Basic Pay across the company.
Grade Salary - Monthly CtC Revised Basic Pay Structure
G1 Up to Rs 30000/- 30%
G2 30,001 - 40000/- 35%
G3 40,001 - 50000/- 40%
G4 50001 & above 50%
1) Can change the existing basic structure of the organization?
2) If the employees are drawing more than the minimum wage act, can I reduce that to as per minimum wage?
3) Is there any law: I can not reduced/increase the basic pay of employees, if during the time of joining they were offered 50 % as Basic.
Recommendation and suggestions are welcomed from everyone.
Regards,
J Keshari
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I need your recommendations and inputs on the below.
I have planned to propose my employer to revise the Basic Pay based on Grading of Present drawing salary.
The purpose of the proposal is to have equitable structure in Basic Pay across the company.
Grade Salary - Monthly CtC Revised Basic Pay Structure
G1 Up to Rs 30000/- 30%
G2 30,001 - 40000/- 35%
G3 40,001 - 50000/- 40%
G4 50001 & above 50%
1) Can change the existing basic structure of the organization?
2) If the employees are drawing more than the minimum wage act, can I reduce that to as per minimum wage?
3) Is there any law: I can not reduced/increase the basic pay of employees, if during the time of joining they were offered 50 % as Basic.
Recommendation and suggestions are welcomed from everyone.
Regards,
J Keshari
[Login to view]