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How To Calculate Your New Salary Based On New National Minimum Wage: Photo - Career - Nairaland

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Has Any Federal Civil Servant Received The New Minimum Wage? / Does New Minimum Wage Affect All Salary Earners? / How is minimum wage calculated? (2) (3) (4)

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How To Calculate Your New Salary Based On New National Minimum Wage: Photo by mmb(m): 4:26pm On Apr 22, 2019

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by ogtavia(m): 4:30pm On Apr 22, 2019
Not true.

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by mmb(m): 4:31pm On Apr 22, 2019
ogtavia:
Not true.
then tell us how it is calculated.

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by tbabs10166(m): 4:51pm On Apr 22, 2019
ogtavia:
Not true.
.
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by tbabs10166(m): 4:53pm On Apr 22, 2019
mmb:
from ur formula, i can deduce that the higher ur previous salary, the higher ur new salary. i.e someone who was earning 100k will now start earning 166k. and someone who was earning 200k will now start earning 333k. I doubt if they'll use this approach.

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by emexto(m): 4:57pm On Apr 22, 2019
I think it will only affect the basic part of the salary...considering how greedy employers are in this country...

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Officialgarri: 5:01pm On Apr 22, 2019
Let's assume this is true......

What's the essence of this long calculations. Simply calculate the percentage increase between 18k and 30k. Whatever the percentage increase is, multiply it by your current income......

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by roughcoin12: 5:11pm On Apr 22, 2019
mmb:
Not true at all

1 Like 1 Share

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by iammo(m): 5:21pm On Apr 22, 2019
embarassed

Too many people dont even understand the National Minimum wage act. Lol omashe ooo !!! you don jonse with your calculators

Consolidated Public Service Salary Structure (CONPSS), handles what each Grade level earns accordingly

While minimum wage law is only a law that states what the minimum amount any worker should earn both public and private with over 25 workers.

The tricky part here is upward review of Salary structure wasnt negotiated by the labour and FG, simply the National minimum wage was negotiated.

.

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by rattlesnake(m): 6:02pm On Apr 22, 2019
mmb:
then tell us how it is calculated.
na General mamadu buzari fit answer that

5 Likes 1 Share

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by heed101(m): 6:03pm On Apr 22, 2019
iammo:
embarassed

Too many people dont even understand the minimum wage act. Lol omashe ooo you don jonse
educate us

1 Like

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by subcbouy: 6:08pm On Apr 22, 2019
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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by subcbouy: 6:14pm On Apr 22, 2019
tbabs10166:
from ur formula, i can deduce that the higher ur previous salary, the higher ur new salary. i.e someone who was earning 100k will now start earning 166k. and someone who was earning 200k will now start earning 333k. I doubt if they'll use this approach.
Give us formula, not all this theory abeg

4 Likes

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by easzypeaszy(m): 6:51pm On Apr 22, 2019
Will I say d dude is right or wrong
Example:
a = 18000
b = 30000
c = 18000
X = 18k X 30k / 18k = 30k
So if
a= 75k
b = 30k
c = 18k
Meaning My X = 75k X 30k / 18k = 125k

I don hammer....hahahahaha

But will dey agree to calculate it dis way or they will just add 13k to ur previous pay?
That won't mk sense sha

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by adeadex2006(m): 6:53pm On Apr 22, 2019
67% is the new percentage increment. E.g
If old minimum wage is 18000 what is the new minimum wage?
Solution:
67/100 * 18000= 30000.

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by jujunaty(m): 7:13pm On Apr 22, 2019
Na wah for Nigerians and poor reasoning oh. Please who told u guys that your salary must increase if you already earn above minimum wage? Minimum wage simply means that no one should earn below 30k. Not that if u are earning 1 million already ur boss must increase it because minimum wage has increased.

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by jom28gy(m): 7:52pm On Apr 22, 2019
i don't think so

1 Like

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by walex2(m): 8:44pm On Apr 22, 2019
adeadex2006:
67% is the new percentage increment. E.g
If old minimum wage is 18000 what is the new minimum wage?
Solution:
67/100 * 18000= 30000.


so an increment from 18k to 30k is 67%? please work on your statistics. let me help you. 18000/30000* 18,000 will give you the percentage

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Okfiscal(m): 8:52pm On Apr 22, 2019
Not sure of this your calculations formula why not check out how to calculate your ROI return on investment.
https://okfiscal.com
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Originakalokalo(m): 8:52pm On Apr 22, 2019
walex2:



so an increment from 18k to 30k is 67%? please work on your statistics. let me help you. 18000/30000* 18,000 will give you the percentage

Lol.

The guy is actually correct and you are wrong.

66.7 percent

14 Likes

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by walex2(m): 8:55pm On Apr 22, 2019
adeadex2006:
67% is the new percentage increment. E.g
If old minimum wage is 18000 what is the new minimum wage?
Solution:
67/100 * 18000= 30000.


so an increment from 18k to 30k is 67%? please work on your statistics. let me help you out and you must pay me . to calculate the increment is like this new minus old multiply by the old. therefore the percentage of increment is 30,000-18000 = 12,000. therefore 12,000\18, 000 = 0.4 percent incremental. please clap for me. the increment is 40 percent and not 67 percent

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by walex2(m): 8:59pm On Apr 22, 2019
Originakalokalo:


Lol.

The guy is actually correct and you are wrong.

66.7 percent


I have done it for you up there is 40 percent increment and not 66.7 and do you still want to argue?

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Bossontop(m): 9:10pm On Apr 22, 2019
undecided
Thank God for the increase sha

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Originakalokalo(m): 9:14pm On Apr 22, 2019
walex2:



I have done it for you up there is 40 percent increment and not 66.7 and do you still want to argue?

Let me teach you little mathematics sir.

Percentage increase = actual increase / initial amount multiplied by 100percent.


actual increase = 30000 - 18000

= 12000.

Therefore, percentage increase = 12000/18000 *100

= 66.7 percent.

Let's check your 40percent....

Increase = 40/100*18000
= 7200.

If you add 7200 increase to 18000, you will get 25,200.

The minimum wage is 30000.

Your percentage is wrong sir.

Do this check with 66.7percent.

God bless you. You should know that Jesus is the only passport to heaven.

Without Jesus, there is no resting in peace.

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by airex(m): 9:25pm On Apr 22, 2019
jujunaty:
Na wah for Nigerians and poor reasoning oh. Please who told u guys that your salary must increase if you already earn above minimum wage? Minimum wage simply means that no one should earn below 30k. Not that if u are earning 1 million already ur boss must increase it because minimum wage has increased.
youre very very very dumb. Not sorry to say.

10 Likes 1 Share

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by viver1: 10:04pm On Apr 22, 2019
30,000(new) - 18,000(old) = 12,000(difference)
12,000/18,000= 0.6666
0.6666 x 100%= 66.66

Approximately 66.7% increment.
If u were earning 25,000, new pay will be:
(25,000x66.7)/100 = 16,675
16,675+25,000
=41,675

12 Likes 1 Share

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Nobody: 10:44pm On Apr 22, 2019
dont be deceived... if you were receiving 25,000 before in a private company, dont expect your boss to pay you 41,666

as a smart businessman, he will just add 7,000 to your money making it 32,000,to the businessman, he has paid you above minimum wage. nothing you can do

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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Nobody: 10:47pm On Apr 22, 2019
jujunaty:
Na wah for Nigerians and poor reasoning oh. Please who told u guys that your salary must increase if you already earn above minimum wage? Minimum wage simply means that no one should earn below 30k. Not that if u are earning 1 million already ur boss must increase it because minimum wage has increased.

smart guy, make them dey calculate nonsense. your logic works very well in private companies

4 Likes

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by damtan(m): 11:09pm On Apr 22, 2019
walex2:



so an increment from 18k to 30k is 67%? please work on your statistics. let me help you. 18000/30000* 18,000 will give you the percentage
You are olodo Sir sad

5 Likes

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by grandstar(m): 1:14am On Apr 23, 2019
tbabs10166:
from ur formula, i can deduce that the higher ur previous salary, the higher ur new salary. i.e someone who was earning 100k will now start earning 166k. and someone who was earning 200k will now start earning 333k. I doubt if they'll use this approach.

Me too. Buhari said the new minimum wage only adds 300bn to the wage bill of 2trillion. Perhaps, Buhari is not being frank.

If it was 66% increase as the OP suggested, the rise would have been 1.32trillion only..

3 Likes

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