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Download VTU MBA 3rd Sem IR 6 Minimum Wages -Important Notes

Download VTU (Visvesvaraya Technological University) MBA 3rd Semester (Third Semester) IR 6 Minimum Wages Important Lecture Notes (MBA Study Material Notes)

This post was last modified on 18 February 2020

VTU MBA Lecture Notes - 1st Sem, 2nd Sem, 3rd Sem and 4th Sem || Visvesvaraya Technological University


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THE MINIMUM WAGES


History of Minimum Wages

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  • ILO Convention recommended machinery for fixing minimum wages.
  • The Standing Labour Tripartite organization in 1943.
  • On 13.04.1946 Dr. Ambedkar introduced minimum wages.
  • On 15.03.1948 the Minimum Wages Act, 1948 passed.

OBJECTIVE:

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  • To prevent the exploitation of the Employers (By fixing the statutory on the employer to pay wages).
  • To bring the social justice.
  • To enable the working class to have a minimum standard of life.
  • To fix/revise the minimum rates of wages in the scheduled employment.
  • To add any new employment in the schedule.
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Broad Features of the Act

  • [Sec 3]: The Act lays down the principles for fixation of
    • A minimum time rate of wages
    • A minimum piece rate
    • A guaranteed time rate
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    • An overtime rate for different occupations, localities or classes of work and for adolescents, children and apprentices
  • [Sec 4]: The minimum wages may consist of
    • A basic rate of wages and a cost of living allowances
    • A basic rate of wages with or without the cost of living allowance and the cash value of concessions in respect of essential supplies at concessional rates

Short Title and Extent [Sec. 1]

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  • This Act, the Minimum Wages Act, extends to the whole of India
  • This Act may be called the Minimum Wages Act, 1948

Who all are eligible

  • Permanent employees
  • Contract employees
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  • Casual workers
  • People on probation get full salary instead of minimum wages
  • Trainees get stipend and not minimum wages

Wages [Sec. 2(h)]

  • Minimum wages: all remuneration capable of being paid in money terms for work done, where terms of contract were fulfilled
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  • consist of Basic + Dearness Allowance + House Rent Allowance
  • Every 5 years, basic rates of every state decided by Minimum Wages Committee
  • Dearness Allowance changes every 6 months and is decided by Government

Different Minimum Wages May Be Fixed By The Government For:

  • Different employments (specified in the schedule)
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  • Different classes (e.g. skilled, semis skilled, etc.) of work in the same employments
  • Adults, adolescents, children and apprentices
  • Different localities

Segregation

Minimum rates of wages may be fixed by reference to one of the following wage periods, namely:

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  • By the hour
  • By the day
  • By the month
  • By such other larger wage period as may be prescribed; and where such rates are fixed by the day or by the month, the manner of calculating wages for a month or for a day, as the case may be, may be indicated

Different Minimum Wages May Be Fixed By The Government consist of [Sec. 4]

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  1. Basic + Special Allowance (Which varies with the cost of living index)
  2. Basic + Cash value of concessions in respect of supplies of essential commodities, materials like food, clothes, etc
  3. An all inclusive rate which includes Basic + Cost of living Allowance + Cash value of concessional supply of materials

Fixing Minimum Rates of Wages [Sec. 5]

  • Publish its proposals in the official gazette and consider comments from the affected parties
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  • Constitute committees/sub committees for the purpose.
  • The committees/sub-committees and advisory boards constituted by the Government should have equal number of members of :
    • Employers
    • Employees, and
    • Independent persons
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Fixation of minimum wages

Recommendation of Advisory Board for different categories [unskilled, skilled, Clerk, Supervisor]

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Publish recommendations in National Publication and invite comments/representations from Trade Unions

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Hearing of the Representatives etc

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Notification of Minimum wages


Advisory Board [Sec.7]

  • Appointed by appropriate government
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  • To co-ordinate the work of committees and sub committees appointed under section 5

Central Advisory Board

  • To advise the Central and State Governments in fixation and revision of minimum rates of wages
  • To co-ordinate the work of the Advisory Boards

Composition of Committees, etc. [Sec. 9]

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  • Each of the committee, sub-committee and the Advisory Board shall consist of:
  1. persons to be nominated by the Government
  2. representing the employers and the employees in the scheduled employments who shall be equal in number and
  3. independent persons not exceeding one-third of its total number of members: one of such independent persons shall be appointed the Chairman by the appropriate Government

Correction of Errors [Sec. 10]

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  • By appropriate Government at any time
  • By notification in the Official Gazette
  • Correct clerical or arithmetical mistakes or errors arising from and accidental slip or omission.
  • Every such notification shall be placed before the Advisory Board for information

Wages in Kind [Sec. 11]

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  • Minimum wages shall be paid in cash
  • The appropriate govt. may authorize the provision of essential commodities at concessional rates

Payment of minimum rates of wages [Sec. 12]

  • The Minimum Wages has to be paid without any deductions except Statutory Deductions.
  • Payment of wages less than the minimum wages on the ground of less performance or output is illegal
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Normal working hours [Sec. 13]

For an Adult Worker working in any scheduled employment

  • Number of Working Hours should not exceed 48 Hours in a week with one day Holiday
  • The Daily Hours should not be more than 9 Hours with 1 Hour Rest
  • Provision of Compensatory Holiday and Overtime Wages if working on Holiday
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Overtime wages [Sec. 14]

  • If the person has worked for more than 48 hours in a week then, the excess hours worked will be treated as overtime
  • Overtime wage rate will be twice of the normal wage rate

Wages for a person who has worked for less than normal working hours

  • Employer could not provide the activities to the employee is entitled to receive full salary
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  • Employee has not worked due to his unwillingness the employee is not entitled to receive full salary

Records to be maintained [sec. 18]

  • The Registers should contain the following particulars-
    • (i) particulars of employed persons
    • (ii) the work performed by them
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    • (iii) the wages paid to them
    • (iv) the receipts given by them

Claims [Sec. 20]

  • A Labour Commissioner or any other officer appointed authority is authorized to hear and decide claims regarding non-payment of minimum wages
  • Any aggrieved person may apply to the authority for settling his claims within six months
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  • 2009: Wage rates that were initially aligned to the minimum wages were fixed at a uniform wage
  • 2015: From 1 July 2015 the National Floor Level was raised to Rs 160 per day.


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This download link is referred from the post: VTU MBA Lecture Notes - 1st Sem, 2nd Sem, 3rd Sem and 4th Sem || Visvesvaraya Technological University