sail employees wage hike 2012

  • Wage hike may dent SAIL''s profits

     · SAIL''s employee costs for the financial year 2012 are estimated at Rs 8,000 crore. Based on the current revenue, employee wages account for about 20 per cent of SAIL''s turnover.

  • McDonald''s is hiking pay -

     · McDonald''s is the latest restaurant to say it''s raising wages in a bid to attract workers. The company is increasing hourly employees'' pay by about 10%, it announced Thursday -- …

  • SAIL to cut its workforce by 10% but set to hike salaries ...

     · Wage revision in SAIL is done every five years and the revision is pending since January 2012 due to differences about the extent of hike between the company management and its union. The union had demanded a 21.6-percent hike, similar to …

  • President extends federal pay freeze

     · Under a law passed in 2010, salary rates are frozen for 2011 and 2012, although employees still can get raises upon promotion, as a performance reward or as they advance up the steps of …

  • SCA WAGE DETERMINATION

    Wages – the minimum monetary compensation required to be paid to the various classes of service employees – are usually listed in the wage determination as hourly wage rates. Fringe benefits, as specified in the contract clause established by the statutory SCA fringe benefits requirement, include:

  • Opinion: Businesses Can''t Afford The Proposed $10-Per-Hour ...

     · Though some may argue that an increase is overdue, $2.75 in five years is a huge increase. The Fair Minimum Wage Act of 2007 was designed to increase salaries in …

  • Steel Minister Approves Wage Revision in SAIL: Report

     · A wage revision in the state-run steel major, due every five years, has been pending since January, 2012 owing to differences on the extent of hike between the …

  • 2012 vs 2011 Federal and State Minimum Wage Rates | $aving ...

     · Share via: [Updated for 2012 Rates and Changes] The federal minimum wage rate in 2012 stays at $7.25, or $15,000 on an annualized basis. However 18 states and Washington, D.C., have raised rates above the federal level to keep up with increases in the cost …

  • SAIL to cut its workforce by 10% but set to hike salaries ...

     · Wage revision in SAIL is done every five years and the revision is pending since January 2012 due to differences about the extent of hike between the company management and its union. The union had demanded a 21.6-percent hike, similar to the rise in 2007, in basic and dearness allowances.

  • Wage Revision in SAIL w.e.f. 01-01-2012 | VAN Namboodiri''s ...

     · SAIL''s employee costs for the financial year 2012 are estimated at Rs 8,000 crore. Based on the current revenue, employee wages account for about 20 per cent of SAIL''s turnover.

  • SAIL, RINL non-executives set to receive higher salaries

    Over 1 lakh non-executives of state-owned steel makers SAIL and RINL will now start getting higher salaries after employees'' representatives and managements signed an …

  • US workers go on strike in 15 cities to demand $15-an-hour ...

     · Since 2012, the Fight for $15 movement has organized low-wage workers around the US to push for state and local minimum wage increases and to increase the federal minimum wage …

  • FAQ Employer EPF contribution rate 13% wage RM5,000 or ...

     · FAQ: 13% employer EPF contribution from 1 Jan 2012. Members of the Employees Provident Fund (EPF) earning a monthly wage of not exceeding RM5,000 will be receiving a boost in their retirement savings when the revised employers'' statutory contribution rate of 13 percent takes effect from January 2012 wages. The one per cent increase from the ...

  • Seventh Pay Commission: What PSU employees can hope for?

     · 21 percent resulting in an additional annual burden of nearly Rs 18,000 crore for the Union government, besides a pay out of arrears of Rs 30,000 crore. The next set of recommendations is likely to be implemented from January 1, 2016. The announcement also raises hopes for tens of millions of salaried PSU employees.

  • SAIL wage revision soon; annual outgo to rise by Rs 1,000 ...

     · SAIL wage revision soon; annual outgo to rise by Rs 1,000 cr. Wage revision in SAIL, done every five years, is pending since January 2012 due to differences on the extent of hike between the company management and its unions'' umbrella body, National Joint Committee for Steel (NJCS).

  • PSU Employees Wage Revision

     · PSU Employees Wage Revision – Policy for the 7th Round (2nd part) of Wage Negotiations for unionized workers in Central Public Sector Enterprises w.e.f. 01.01.2012. PSU Employees Wage Revision relates to CPSE Unionized workers is due with effect from 01.01.2012.

  • Sail Wage Revision Agreement Copy

     · The payslip will apply from 01.01.2012 and would benefit more than 92,000 employees. Compensation for wages has been set in accordance with the Memorandum of Understanding… SAIL: Project delays, wage costs could hurt Co – Economic Times. 21 Feb 2013 … Sail`s stock has fallen 32% over the past year, thanks to the poor…

  • Annual wage reviews | FWC Main Site

    Coronavirus (COVID-19) & annual wage reviews. The current coronavirus (COVID-19) situation is affecting how we deal with annual wage reviews. 2019–20 Annual Wage Review. The wage and allowance increases determined by the Annual Wage Review 2019–20 will be implemented in stages on 1 July 2020, 1 November 2020 and 1 February 2021.

  • Average Wage Index (AWI)

    51,916.27. 169,329. 8,790,917. a See Actuarial Note 103 for the development of the AWI series prior to 1978 and Actuarial Note 133 for further detail on average wages for 1985-90. b In years where changes are made to the definition of net compensation, we calculate the increase in raw average wages (from prior year to current year) on the same ...

  • 2012 Wage and Reimbursement Rates For California Employers ...

     · By Anthony Zaller on January 12, 2012. Posted in Best Practices For California Employers, Employee Handbooks, Exempt Employees, Wage & Hour Law. 2012 Requirement. Source. California Minimum Wage. $8.00 per hour (unchanged from previous years) California''s Industrial Welfare Commission. San Francisco Minimum Wage. $10.24 per hour.

  • Bank Employees Pay Scale Calculator – Calculate New Salary ...

    S Nagarajan, General Secretary, All India Bank Officers'' Association, said "A special allowance has been introduced for employees… there is a new hospitalization scheme backed up by insurance." The wage settlement will benefit 3,04,000 odd officers (as on March 31, 2012) in the banking sector.

  • News: SAIL employees to get wage hike after two-year wait ...

    Steel Authority of India Ltd rsquo s 85 000 non-executive employees will get a 17 per cent hike in basic pay and dearness allowance along with a 6 per cent rise in perks The wage revision pending for over two-and-a-half years was approved by Steel Minister Narendra Singh Tomar on Wednesday A senior company official said the State-run steelmaker has

  • RAISE Act Lifts Pay Cap on Millions of American Workers ...

     · The RAISE Act states that Section 8(a)(1) and 8(a)(5) of the National Labor Relations Act may not prevent employers from paying an employee higher wages for his services as an employee…

  • bank employees pay: IBA offers 6% wage hike to bank staff ...

     · In the 10th Bipartite wage settlement, which was signed in May 2015, for the period between November 2012 and October 2017, the IBA had offered a 15 percent hike. In the May 5 round of negotiations, the IBA had offered a meagre 2 percent wage hike. Banks unions did not accept the offer and went on a two-day strike starting May 30. Banks ...

  • What is the annual salary hike of engineers at SAIL ...

    The annual salary hike is 3% of Basic, other forms of increments are in DA on a quarterly basis (Based on CPI Index) and wage revisions (Every 5 Years for non- Executives and every 10 years for Executives). These salary hikes are common across all...

  • Wage revision for non-executives of SAIL and RINL settled ...

     · "The wage settlement shall be effective from January 1, 2012 and would benefit more than 92,000 employees. The wage settlement was cleared pursuant to Memorandum of Understanding dated January 1, 2014 and approval of the SAIL Board as well as clearance of Ministry of Steel," SAIL said.

  • Minimum Wages for Tipped Employees | U.S. Department of Labor

     · For these employees, the state wage is tied to the federal minimum wage of $7.25 per hour which requires an act of Congress and the President''s signature to change. 6 Oklahoma . For employers with fewer than 10 full-time employees at any one location who have gross annual sales of $100,000 or less, the basic minimum rate is $2.00 per hour.

  • 15 per cent wage hike for LIC Employees which will be ...

     · 15 per cent wage hike for LIC Employees which will be effective from August, 2012. LIC employees agree for 15% salary hike, 5-days week. The management of Life Insurance Corporation (LIC) and the unions representing around 1 lakh employees of the insurance behemoth have agreed on a 15 per cent wage hike, which will be effective from August, 2012.

  • SAIL employees to get wage hike after two-year wait

     · SAIL''s employee wages are revised every five years and the current wage revision has been pending since January 2012. The steelmaker reported …

  • Impact of implementing national minimum wage on the ...

    The minimum wage policy implementation impacted hotel businesses and employees. As a labor-intensive industry, hotel businesses reported increases in operational and labor costs. This study investigated the impact that the minimum wage policy has had on hotel employees'' perceived satisfaction with compensation, work motivation, work

  • No decision on wage revision for SAIL employees

     · NEW DELHI: A meeting between. SAIL. NSE 1.67 % management and workers'' representatives to discuss issues related wage revision for non-executives ended inconclusive today. The meet that lasted nearly five hours failed to arrive at a decision, dashing hopes of 85,000 employees for an early resolution on revision of in basic pay and DA.

  • SAIL Annual Report Eng. 14

    were from SAIL. Similarly, 3 out of 16 Shram Awards declared in the Country for the Public Sector have been won by SAIL employees in 2014. During the year, your Company finalized wage revision for non-executives which was due w.e.f. 1-1-2012. The wage revision negotiations were held with the Trade Unions in a very cordial atmosphere.

  • AIIEA CIRCULARS – ECZIEA

     · AIIEA WORKING COMMITTEE FINALISES THE CHARTER OF DEMANDS DEMANDS 40 PERCENT WAGE HIKE DECIDES INTENSIFIED CAMPAIN ON INSURANCE LAWS (AMENDMENT) BILL: Cir. No. 10/2012: 13-07-2012: PL encashment/RPTs mediclaim scheme/Family Pension in case of missing employees: Cir. No. 09/2012: 21-06-2012: FOR STRENGTHENING THE PSU GENERAL …

  • wage agreement News and Updates from The Economic Times ...

     · FACT signs long term wage settlement 23 Oct, 2009, 06.22 PM IST. With the improvement in overall performance of FACT, the company has signed a long term wage agreement with the employees by which an average workman will get 25 to 30 % increase in wages.

  • Will 7th Pay Commission affect the salaries of SAIL employees?

    In my opinion, SAIL cannot match the jump in salaried at par with 7th pay commission, to their employees. SAIL has to pay it''s employee from its own revenue. Among the steel companys in domestic sector, the maximum manpower is on SAIL,s payroll. T...

  • New Steel Minister okays wage revision in SAIL, 85K to ...

     · Following the Ministry''s approval, SAIL would now sign an agreement with the employees and within a month of that the revision would be implemented. Initially, union representatives involved in the wage revision talks were demanding a 21.6 per cent hike, similar to the rise in 2007, in basic and dearness allowances.

  • The Tipping Point: High Court Applebee''s Ruling Could Hike ...

     · The guideline would increase wage obligations by up to $5.12 for every hour a tipped employee does non-tip-producing work, according to the AH&LA. It would also require companies to track these tasks in real time to avoid "a large and unexpected financial obligation at the end of a particular workweek."

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