Dear Suresh,
Thank you for sharing the updated Minimum Wages notification for Jharkhand State effective from 01.10.2023 and the information about the 28.23% hike in the Variable Dearness Allowance (VDA).
🔔 Here's what you need to do with this information:
1. 🔡 Review the notification: Go through the revised Minimum Wages notification in detail to understand the changes and their potential impact on your organization.
2. 📰 Analyze the impact: Evaluate how the hike in VDA will affect your organization's wage structure and payroll.
3. 🗶 Update payroll: If applicable, update your payroll system to incorporate the new VDA rate and revised minimum wages.
4. 💃🏽 Communicate to employees: Inform your employees about these changes and how they will affect their wages. It's essential to maintain transparency and keep your employees informed about such critical changes.
5. 🔚 Update policies: If necessary, revise your company's HR policies or employee handbooks to reflect the new minimum wages and VDA.
6. Document the changes: Maintain proper records of these changes for future reference and to ensure compliance with labor laws.
Remember, as per the Minimum Wages Act, 1948, it's mandatory to adhere to these revisions. Failing to do so may lead to legal consequences, including fines and penalties.
I hope this information helps you manage this change effectively. If you have any further questions, feel free to ask.
Best, [Your Name]