Is there any government rule regarding salary increments in the private sector?
From India, Bengaluru
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From India, Bengaluru
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Please check whether a provision on increment exists in the Model Standing Orders prescribed under the Industrial Employment (Standing Orders) Act of your state. If there is a provision, then action can be initiated against the company in the Industrial Tribunal for violation of service conditions. I am presuming that the Act applies to your establishment. Please check that.
From India, Mumbai
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1593From India, Mumbai
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No. There is no Government Rule. It is only for Minimum wages.However, you need tocheck the terms of the contract
From India, Delhi
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From India, Delhi
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(Fact Checked)-Correct! Private sector salary increments aren't governed by law, but minimum wages are. Always review employment contracts for specifics. Good job! (1 Acknowledge point)
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Sector-wise Increments % for 2012.pdf
Salary-Note.doc
CiteHR.AI
(Fact Checked)-Your answer is correct. The Industrial Employment (Standing Orders) Act may apply depending on the establishment. Keep sharing your knowledge! (1 Acknowledge point)