How to Decide Basic Pay | When you are paying minimum wage | ref 2(b) EPF Scheme 1952
IS YOUR WAGE/SALARY STRUCTURE ALIGNED WITH STATUTORY PRACTICES
If not, you are attracting five times more liability to your organization.
Adjust your wage and salary structure to the most up-to-date and legally compliant practices now in order to get ready for the future! Adjust your wage and salary structure to the most up-to-date and legally compliant practices now in order to get ready for the future!
#epfo #labourlaw #minimumwages #salarystructure
SBR (HR) Learning Academy has arranged a 3-hour practical boot camp on 'Attractive and Economic Wage Structure', given by a PAN India expert.
HOW TO DESIGN AN ATTRACTIVE AND ECONOMICAL WAGE STRUCTURE TO MINIMIZE YOUR STATUTORY LIABILITY AND RISKS?
As wages and salaries are the key factor to smooth associate relations in organizations and keeping employees motivated.
As the new financial year begins, one may like it or not, but irrespective of any profit in an establishment, it has become a traditional
practice in the employer-employee relationship that the employees are given annual increments.
Also, in the States, even the minimum wages are revised at the beginning of a new financial year.
With the new financial year beginning, it is the right time to revamp the establishment's wage structure, which should be desirable and cost-efficient.
For instance, House Rent Allowance (HRA) is part of wages but is excluded by the definition of basic wages.
BOOTCAMP DETAILS
HOW TO DESIGN AN ATTRACTIVE & ECONOMICAL WAGE STRUCTURE TO MINIMIZE YOUR STATUTORY LIABILITY AND RISKS
Boot-Camp Date: June 4, 2023, Sunday
Duration: 3 hours
Time: 15:00 to 18:00 p.m.
Venue: Zoom Live
Fees: INR 1299/- per participant; early bird INR 399/- till 25 May 2023
Register now: https://rzp.io/l/gL2A2BVs
In association with SBR Learning Studio, IAIHR, | PEOPLE MANAGER
Why should your wage/salary structure be attractive and economical?
Unfair wages and benefits practices are the top factor contributing to industrial distress in the organization.
Your attractive and economical wage structure assures the stability and motivation of the employees.
An attractive and affordable wage structure design pattern that helps optimize budgets and increase efficiency.
How can an attractive and economical wage structure help you achieve better hiring outcomes, reduce attrition, create a device policy, and make smarter decisions?
Would you like to know how attractive and economical your salary structure is? OR
Are you someone who wants to change their career trajectory and shift towards the most prestigious, highest paid, and most in-demand HR skill of 2023—IR?
This boot camp is for YOU!
By the end of the boot camp, you’ll be able to:
Identify the gaps in your current wage structure.
Prepare for the important changes to your company wage structure aligned with court judgments.
Have a cutting edge in your organization with better insights in associate relations and employee motivation.
Propose a solution to unwanted statutory liability in your organization by using an attractive and economical wage structure formula.
Understand how to utilize statutory prescriptions to make better wage decisions.
What Will You Learn in the Attractive and Economical Wage Structure Bootcamp?
Use court judgment for a better wage structure.
*Solving real statutory challenges using an attractive and economical wage structure
*Making your wage structure more aligned and predictable leads to zero liability.
*Prescribe a statutory liability solution based on an aligned wage structure.
Special Bonus Worth INR 3000/-
Ideal wage components
Wage Calculation Worksheet
Four types of wage structure
Exciting Bonus Revealed In The Masterclass
Participation Certificate
What you'll learn
Design an ideal wage structure based on court judgments.
Key Components of the Ideal Wage Structure: Basic-Gross-CTC
How to Restructure Wage/Salary Structure Without Statutory Liability
Eight Principles of Salary Structure Design Based on Court Judgment
Design an ideal wage structure for different employee categories.
Get expert advice on designing four types of wage structures.
Calculation Sheet for Decision-Making and Participation Certificate