hello there, staff has been doing overtime on December 2007, will be paid on January 2008, but theres new salary structure for January 2008. the basic salary i should follow is on January 08 or dec 07? please advice thank you
From Malaysia, Klang
Acknowledge(0)
Amend(0)
From Malaysia, Klang
Acknowledge(0)Amend(0)
Consider the period they were on over time and pay accordingly as applicable in that month.
From India, Gurgaon
Acknowledge(0)Amend(0)
From India, Gurgaon
Acknowledge(0)Amend(0)
Overtime wages is calculated on the basis of the wages prevailing at the time of overtime. However, if the new salary introduced has retrospective effect, say with effect from December 2007, then an employee is eligible for back wages and that should include the OT wages and, therefore, in such cases OT shall also be calculated at the revised rates. On the other hand, if the revision has effect from Jan 08 only, then OT for Dec 07 will be calculated at the pre revised wage rate only. Remember, this is applicable only for OT and for leave encashment, payment of Gratuity and Retrenchment benefits the rate applicable at the time of such leave encashment or payment of gratuity/ compensation will be taken as the base. Regards, Madhu.T.K
From India, Kannur
Acknowledge(0)Amend(0)
4769From India, Kannur
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Amendment to Payment of Bonus Act 2015.jpg
Online payment of PF mandatory from 1.1.2016.pdf
PAYMENT OF WAGES ACT 2009.doc