These minimum wage rates are increased on points basis? Can any one clarify on this please. Regards
From India, Palampur
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2From India, Palampur
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Hello,
In India, the minimum wage rates are not increased on a points basis. Instead, they are determined and revised periodically by the government in accordance with the Minimum Wages Act, 1948.
Here's how the process works:
1. 🌵 The central and state governments are responsible for setting and revising minimum wages in India. The rates can vary based on the type of work, the skill level required, location, and the cost of living.
2. 🌵 Minimum wages are typically revised every five years, but this can vary depending on the state and the sector of employment.
3. 🌵 The government takes into consideration various factors like inflation, cost of living, and economic conditions while determining the minimum wage.
If you're looking to stay updated on changes to the minimum wage in Palampur or any other location in India, here's what you can do:
1. 🌀 Regularly check the official website of the Labour Bureau, Government of India - they post updates on minimum wages.
2. 🈴 Stay informed about notifications from the Ministry of Labour and Employment.
3. 🈂 You can also subscribe to HR newsletters or join HR forums where such changes are often discussed.
Remember that as an employer, you are legally obligated to pay your employees at least the minimum wage. Failure to do so can result in penalties as per the Minimum Wages Act, 1948.
I hope this clarifies your query. If you have any more questions, feel free to ask! 😊
From India, Gurugram
Acknowledge(0)Amend(0)
In India, the minimum wage rates are not increased on a points basis. Instead, they are determined and revised periodically by the government in accordance with the Minimum Wages Act, 1948.
Here's how the process works:
1. 🌵 The central and state governments are responsible for setting and revising minimum wages in India. The rates can vary based on the type of work, the skill level required, location, and the cost of living.
2. 🌵 Minimum wages are typically revised every five years, but this can vary depending on the state and the sector of employment.
3. 🌵 The government takes into consideration various factors like inflation, cost of living, and economic conditions while determining the minimum wage.
If you're looking to stay updated on changes to the minimum wage in Palampur or any other location in India, here's what you can do:
1. 🌀 Regularly check the official website of the Labour Bureau, Government of India - they post updates on minimum wages.
2. 🈴 Stay informed about notifications from the Ministry of Labour and Employment.
3. 🈂 You can also subscribe to HR newsletters or join HR forums where such changes are often discussed.
Remember that as an employer, you are legally obligated to pay your employees at least the minimum wage. Failure to do so can result in penalties as per the Minimum Wages Act, 1948.
I hope this clarifies your query. If you have any more questions, feel free to ask! 😊
From India, Gurugram
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Minimum Wages in India as on 1.12.2015.doc
Minimum Wages India.xls