Dear Members,
I am working in a company that has plants in different locations within a state (AP). The criteria for OT payments are different in each of these locations. Some are fixed rates, while some are based on salary. I request the members to inform me on how to standardize the OT payments for all locations (as per the law). In this regard, if you have any policies on Overtime, kindly share them with me. I would also like to create a policy for our company.
Thanks in advance.
Ramesh
From Japan, Tokyo
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I am working in a company that has plants in different locations within a state (AP). The criteria for OT payments are different in each of these locations. Some are fixed rates, while some are based on salary. I request the members to inform me on how to standardize the OT payments for all locations (as per the law). In this regard, if you have any policies on Overtime, kindly share them with me. I would also like to create a policy for our company.
Thanks in advance.
Ramesh
From Japan, Tokyo
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Go through factories and establishment act book which is available at Koti at any book stall. It will give you detailed knowledge about OT in factories and shops.
From India, Hyderabad
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11From India, Hyderabad
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Dear Ramesh,
If your establishment is covered by the Shops and Establishments Act of your state, you need to follow the formula prescribed under it. If it is covered by the Factories Act, you need to follow the formula provided therein. It is mandatory, and thus there is no scope for different units having different formulas for O.T. Payment.
B. Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
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If your establishment is covered by the Shops and Establishments Act of your state, you need to follow the formula prescribed under it. If it is covered by the Factories Act, you need to follow the formula provided therein. It is mandatory, and thus there is no scope for different units having different formulas for O.T. Payment.
B. Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
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Dear Friend,
I am working with a big Insurance Company. I just want to know:
1) How should we define the wages and compensation for each task, i.e., workers, executive level, managerial level, and top management level?
2) What are the basic conditions for defining BASIC, DA, HRA, compensation, and contribution of PF from the employer's side? Are there any government norms for defining these scales?
3) I have noticed that the employer contribution of EPF varies; some employers contribute to EPF and only deduct the EPF from employees' salaries. Is this correct? I need guidelines in this regard.
Thanks.
From India
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I am working with a big Insurance Company. I just want to know:
1) How should we define the wages and compensation for each task, i.e., workers, executive level, managerial level, and top management level?
2) What are the basic conditions for defining BASIC, DA, HRA, compensation, and contribution of PF from the employer's side? Are there any government norms for defining these scales?
3) I have noticed that the employer contribution of EPF varies; some employers contribute to EPF and only deduct the EPF from employees' salaries. Is this correct? I need guidelines in this regard.
Thanks.
From India
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