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A minimum wage should be a living wage
The Minimum Wages Act, 1948 &
Minimum Wages Rules, 1950
The Essence
the genesis
There was a time when wages were fixed between the employer and employee. This often led to situations where wages paid were below subsistence levels, especially in cultures where unemployment was high.
There arose a need to protect labour in unorganised sectors from exploitation. This was an important means to combat poverty, reduce inequality and ensure the vibrancy of the economy. Hence, the Minimum Wages Act
Fair & Square
Scope of the Act and rules
Objective
Ensure fair wages such that employees are able to maintain a basic livelihood and enjoy good health
coverage
- Mechanism of fixing of minimum wages
- Components of minimum wage
- How minimum wages are revised
- Paying wages in kind
- Normal working hours
- Rate at which overtime is to be paid
- Registers and records to be maintained
- Returns to be submitted periodically
- Penalties for offences under the Act
"We should raise the minimum wage so that not one who has to work full time has to live in poverty."
Barack Obama
Three steps to success
We Help You Every Step Of The Way
Let’s face it! HR Policies need to be designed keeping the industry sector, business requirement and the needs of the workforce in mind. A one size fits all approach does not work when it comes to writing a number of policies.
On the other hand, labour laws require that companies adhere to various statutory compliances, but are difficult for the lay person to comprehend. Why stress over them. Leave the heavy lifting to us!
01
learning about all your business
Tell us which sector you are in, where you are located, how many employees by gender, if you engage contract labour etc
02
Send you relevant Labour compliances & HR Policies
Our system gets to work and creates a customised set of documents just for you. We deliver in 2 to 4 weeks
03
Keep you updated
on revisions to law
We constantly track changes in labour legislations, new policies in vogue and update you
