Dear Sir/Madam,
I recently joined General Manufacturing Company, and I need clarity about whether a supervisor with a CTC above 2 lakh is eligible for overtime or not, as per the Minimum Wages Act of 1948. Please help me find the solution.
Thanks and Regards,
Sowmiya S.
From India, Puducherry
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I recently joined General Manufacturing Company, and I need clarity about whether a supervisor with a CTC above 2 lakh is eligible for overtime or not, as per the Minimum Wages Act of 1948. Please help me find the solution.
Thanks and Regards,
Sowmiya S.
From India, Puducherry
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I want to know that what is the formula for calculating overtime of a security guard.
From India, Hyderabad
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From India, Hyderabad
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If any employee, irrespective of designation, is engaged in a factory premises, the calculation of OT as per the Factories Act, 1948, will be the same as I have already explained in my earlier post.
Now, the question is how to calculate daily wages. There are normally two types of payment: daily wages or monthly wages. For daily wages, there is no confusion. However, in the case of monthly wages - whether it is for 30 days, 31 days, 28 days, or 29 days - confusion arises. To my knowledge, there is no legal guidance other than Gratuity and Minimum wages to determine daily wages by dividing by 26 only. There are different schools of thought - dividing by 30 regardless of the number of days in a month, dividing by the actual days in the month, or multiplying monthly wages by 12 and then dividing by 365, etc.
My personal opinion is that it should be decided as per the policy of the organization. I prefer multiplying monthly wages by 12 and then dividing by 365 to arrive at daily wages.
S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions +91 98310 81531 skb@usdhrs.in USD HR Solutions – To strive towards excellence with effort and integrity
From India, New Delhi
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366Now, the question is how to calculate daily wages. There are normally two types of payment: daily wages or monthly wages. For daily wages, there is no confusion. However, in the case of monthly wages - whether it is for 30 days, 31 days, 28 days, or 29 days - confusion arises. To my knowledge, there is no legal guidance other than Gratuity and Minimum wages to determine daily wages by dividing by 26 only. There are different schools of thought - dividing by 30 regardless of the number of days in a month, dividing by the actual days in the month, or multiplying monthly wages by 12 and then dividing by 365, etc.
My personal opinion is that it should be decided as per the policy of the organization. I prefer multiplying monthly wages by 12 and then dividing by 365 to arrive at daily wages.
S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions +91 98310 81531 skb@usdhrs.in USD HR Solutions – To strive towards excellence with effort and integrity
From India, New Delhi
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