I would like to know, my company wants to changes in employee's minimum basic wages as per Minimum wages ACT on 01.01.2018 but does not want any changes in net salary. So, is it possible to reduce their HRA or Conveyance or medical or other variable to meet the Net Earning as before?
From India, New Delhi
Dear 3290ASHU,
There are changes in the conditions of service in respect of matters specified in the Fourth Schedule of ID Act. Therefore, your employer is liable to give 21 days notice of change under section 9A of ID Act, to effect such changes.
.................................................. ...................................
.

From India, Mumbai
Dear Colleague,
Please clarify your intentions of doing this. Are your current total wages inclusive of all allowances stated by you more than Minimum wages prescribed? In that case,where is the need for reshuffling the wage components?
Regards,
Vinayak. Nagarkar
HR- Consultant

From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.