Dear All,
I am Rao, and I have joined a new organization 10 days ago. I would like to request a revision of the minimum rates of wages as per the Factories Act. This would be a useful benefit for all employees who have been working for a long time. Kindly advise me on how to restructure the salary, i.e., % basic, % DA, % HRA, % Conv, and % other allowances.
Thanks for the advice.
With Regards,
M.V. Rao
From India, Hyderabad
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I am Rao, and I have joined a new organization 10 days ago. I would like to request a revision of the minimum rates of wages as per the Factories Act. This would be a useful benefit for all employees who have been working for a long time. Kindly advise me on how to restructure the salary, i.e., % basic, % DA, % HRA, % Conv, and % other allowances.
Thanks for the advice.
With Regards,
M.V. Rao
From India, Hyderabad
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There is no fixed structure comapny does fix the same as as it’s own stansard & culture. Keep in mind that Basic Wages should be nearly to Minimum Wages
From India, Pune
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47From India, Pune
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Dear All,
I am Rao. I have joined a new organization 10 days ago, and I would like to request a revision of the minimum rates of wages as per the Factories Act. This revision is typically done by the appropriate government authority. Our responsibility is to implement the notification of minimum rates of wages if this Act is applicable to us. Please review the declared minimum rates of wages applicable to your employment and ascertain whether any bifurcation in wages is permissible.
Thank you for your guidance.
With Regards,
R.N. Khola
From India, Delhi
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I am Rao. I have joined a new organization 10 days ago, and I would like to request a revision of the minimum rates of wages as per the Factories Act. This revision is typically done by the appropriate government authority. Our responsibility is to implement the notification of minimum rates of wages if this Act is applicable to us. Please review the declared minimum rates of wages applicable to your employment and ascertain whether any bifurcation in wages is permissible.
Thank you for your guidance.
With Regards,
R.N. Khola
From India, Delhi
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dear mr rao mr khola is absolutely right.minimum wages does not have any relation with factories act and donot mix these both acts.
From India, Delhi
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From India, Delhi
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Hi,
It is true that the Factories Act does not cover provisions under Minimum Wages, but the Inspector of Factories are the authorized officials under the MW Act as well. Hence, during inspection, they may ask us to produce relevant records in respect of the MW Act. The basic and statutory structure of Minimum Wages covers only the Basic and the DA, while the former is revised based on negotiations with the stipulated committee, the latter is revised every year based on the Consumer Price Index (CPI) with notifications to these effects being released by respective state Governments periodically.
Regards,
Balamurugan Sivaprakasam Head-HR, ICIL-MM Nagar
From India, Madras
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It is true that the Factories Act does not cover provisions under Minimum Wages, but the Inspector of Factories are the authorized officials under the MW Act as well. Hence, during inspection, they may ask us to produce relevant records in respect of the MW Act. The basic and statutory structure of Minimum Wages covers only the Basic and the DA, while the former is revised based on negotiations with the stipulated committee, the latter is revised every year based on the Consumer Price Index (CPI) with notifications to these effects being released by respective state Governments periodically.
Regards,
Balamurugan Sivaprakasam Head-HR, ICIL-MM Nagar
From India, Madras
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Hi Deepak,
Welcome to CiteHR.
Sorry, we do not have any revised salary information related to the Factories Act.
With Regards,
R.N.Khola
From India, Delhi
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Welcome to CiteHR.
Sorry, we do not have any revised salary information related to the Factories Act.
With Regards,
R.N.Khola
From India, Delhi
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