Two basic questions, if someone can help me to get the answers:
1. What if the working hours are 5 hrs/day (or 25 hrs/week), what would be the minimum wage?
2. What if the working days in a month are 22, instead of 26? Will the formula for the monthly wage change? Like Daily Wage x 22 instead of Daily wage x 26?
From United States, Memphis
Acknowledge(0)
Amend(0)
1. What if the working hours are 5 hrs/day (or 25 hrs/week), what would be the minimum wage?
2. What if the working days in a month are 22, instead of 26? Will the formula for the monthly wage change? Like Daily Wage x 22 instead of Daily wage x 26?
From United States, Memphis
Acknowledge(0)Amend(0)
1. If working hour is 5 hours a day, then divide the daily wage by 8. For example, 100/8 = 12.5, 12.5 * 5 = 62.5.
2. Similarly, if the number of working days is only 22, then the daily wage would be multiplied by the number of days worked by you or your employee. For example, 100 * 22 = 2200.0.
From India, Vadodara
Acknowledge(0)Amend(0)
252. Similarly, if the number of working days is only 22, then the daily wage would be multiplied by the number of days worked by you or your employee. For example, 100 * 22 = 2200.0.
From India, Vadodara
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.
Gujarat Minimum wages 1st Apr 2019 to 30th Sep-2019.jpeg
Report On The Working Of The Minimum Wages Act.doc