We are a start up in Bangalore and most of our work force is unskilled labour. We hire unskilled labour across India. My current challenge is to design their salary structures. I am willing to pay them as per minimum wages act, but their take home is coming less than what we want to offer. We are willing to offer them 14K+ per month as take home. However, if I go by Minimum wages act, contribute for PF &ESI, their take home is only 12K+. One more bigger challenge manpower turnover is very high.Even if i bring them under PF & ESI, after couple of months they leave our company for more take home pay offered by other companies. In such situation, can i hire them as consultants/contracts and pay them to ensure more take home and deduct 10% TDS and make their net take home as14K+ per month. What are the areas which I need to take care as per labour laws in India.
Request all the professionals to share their insights on this and help resolve this issue at the earliest.
Thanking you all in advance.
Himabindu
Request all the professionals to share their insights on this and help resolve this issue at the earliest.
Thanking you all in advance.
Himabindu