Can we differ the wage revision citing 3 years continuous loss under industrial dispute act?
From India, Chennai
Acknowledge(0)
Amend(0)
From India, Chennai
Acknowledge(0)Amend(0)
Deferment of Wage Revision Due to Employer Losses
What the poster actually wants to know is whether the deferment of wage revision is possible on account of losses incurred by the employer over the last consecutive three years. Though it may be a valid reason based on adequate evidence, it is left to the discretion of the employees to accept or reject it forthwith, particularly when there is no provision for V.D.A linked to any cost of living index. The employees can advance a counter-argument that they are in no way responsible for business losses since effective management is the responsibility of the employer.
In such a precarious situation, instead of outright deferment, the employer should come forward with some acceptable alternatives like the grant of interim relief, etc.
From India, Salem
Acknowledge(0)Amend(0)
6108What the poster actually wants to know is whether the deferment of wage revision is possible on account of losses incurred by the employer over the last consecutive three years. Though it may be a valid reason based on adequate evidence, it is left to the discretion of the employees to accept or reject it forthwith, particularly when there is no provision for V.D.A linked to any cost of living index. The employees can advance a counter-argument that they are in no way responsible for business losses since effective management is the responsibility of the employer.
In such a precarious situation, instead of outright deferment, the employer should come forward with some acceptable alternatives like the grant of interim relief, etc.
From India, Salem
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Revision in Basic wage wef Mar 2014 Gazette.pdf
Pension Wage Ceiling Increase Impact.xls