Dear Mr. Singh,
As far as my knowledge goes, there is no specific rule regarding this. This is a matter of common sense interpretation. Auditors usually have a legal background. Please ask them if there is any rule.
The recommendation by the auditor to calculate on a daily basis based on actual vs minimum wages and to pay whichever is higher is essentially just another way of doing the calculation. In my opinion, if it is beneficial to employees, you should proceed with it. The mode of payment, whether daily, weekly, or monthly, is a management decision and has nothing to do with your calculation method or any rule. You may discuss internally among the management team to make a final decision.
Thanks & Regards,
S K Bandyopadhyay (West Bengal) USD HR Solutions
From India, New Delhi
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409As far as my knowledge goes, there is no specific rule regarding this. This is a matter of common sense interpretation. Auditors usually have a legal background. Please ask them if there is any rule.
The recommendation by the auditor to calculate on a daily basis based on actual vs minimum wages and to pay whichever is higher is essentially just another way of doing the calculation. In my opinion, if it is beneficial to employees, you should proceed with it. The mode of payment, whether daily, weekly, or monthly, is a management decision and has nothing to do with your calculation method or any rule. You may discuss internally among the management team to make a final decision.
Thanks & Regards,
S K Bandyopadhyay (West Bengal) USD HR Solutions
From India, New Delhi
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