Hello All,
Am Working as HR Professional in one of the leading brand. As we all know, recently Govt. has revised Minimum Wages for each category/Zones. i.e for Jul'2020- Dec'2020.
My doubt:
1> Being a pvt company , Is it mandatory to revise?
2> If above is yes, then how to revise without affecting Annual CTC & Inhand salary??. For Ex: One Skilled employee has current Basic+DA as 12,350 and now have to make it 12,532( newly revised MW for Skilled-Zone 1- Engineering). Employee's monthly gross salary is 30149 (basic+HRA+All other allowances).
Please provide valuable insights..
Am Working as HR Professional in one of the leading brand. As we all know, recently Govt. has revised Minimum Wages for each category/Zones. i.e for Jul'2020- Dec'2020.
My doubt:
1> Being a pvt company , Is it mandatory to revise?
2> If above is yes, then how to revise without affecting Annual CTC & Inhand salary??. For Ex: One Skilled employee has current Basic+DA as 12,350 and now have to make it 12,532( newly revised MW for Skilled-Zone 1- Engineering). Employee's monthly gross salary is 30149 (basic+HRA+All other allowances).
Please provide valuable insights..