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Nairaland Forum / Nairaland / General / Career / How To Calculate Your New Salary Based On New National Minimum Wage: Photo (137539 Views)
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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Akious2k2(m): 12:21pm On Apr 23, 2019 |
lilwetdick:If the new salary of a #25k worker is #32k, according to your analysis, what do you think the new salary of an #18k worker will be in the same company, considering the new minimum wage of #30k? That means, someone who earns a difference of "#25k - #18k" will now earn a difference of "#32k - #30k" with his "junior colleague However, I agree with you that most of these businessmen would want to find an easy way "out" |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by PrincewithGod(m): 12:23pm On Apr 23, 2019 |
iammo:You seem to be knowledgeable in this matter but you fail to know that all other Grade Levels of salaries are Computed with the Minimum Wage as the benchmark using the relativity principle. Therefore if the benchmark increases all the grade levels will have to go up for relativity to be maintained. Its just that the higher the grade level the lower the degree of increase for equity. 1 Like |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Horleman(m): 12:37pm On Apr 23, 2019 |
Op is actually right then |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Horleman(m): 12:37pm On Apr 23, 2019 |
Op is actually right then |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by mechanics(m): 12:53pm On Apr 23, 2019 |
tbabs10166:Then it means it won't work. |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Psoul(m): 1:27pm On Apr 23, 2019 |
ShySteady: Some companies will start laying off their old staff. Any little offense will lead to termination or dismissal. Rate of promotion will be very slow. No more step jumping due to outstanding staff performance. They will allow u to complete each level with their respective steps b4 moving to the next level. Chaiii......life of civil servant. |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Anusiemgood(m): 1:28pm On Apr 23, 2019 |
viver1:For someone who earns 41k...what becomes his salary..? |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Nobody: 1:43pm On Apr 23, 2019 |
phonemakemoney: there will be some difference in pay in the govt sector because of level, step, and grades but in private sectors not much, not every private employer is obliged to pay minimum wage, many companies won't pay or increase any staff salaries |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by osram(m): 2:02pm On Apr 23, 2019 |
tbabs10166:pls does it affect lecturers and military personnel |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by phonemakemoney: 2:03pm On Apr 23, 2019 |
lilwetdick:True for even when minimum wage was 18000 naira there are many private schools and companies that pay graduate within 10000 to 15000 monthly the non graduates some within 5000 to 12000 monthly. |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by SholaDsdg(m): 2:10pm On Apr 23, 2019 |
walex2: Hey just a quick one. new-old/old new/old - old/old new/odd - 1 *now, I'm gonna simplify for dummers let "new" be "A" let "old" be "B" therefore, A/B - 1 for example, A=30000; B=18000 30/18 - 1 1.666666666666667 - 1 0.6666666666666667 The answer is, you shouldn't have argued! |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Kooldon(f): 2:22pm On Apr 23, 2019 |
With all this calculations up and down, I am beginning to doubt the integrity of WAEC for giving most of you above P7 in Maths. 1 Like |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by sharena(m): 5:31pm On Apr 23, 2019 |
Originakalokalo: MY HEAD DEY PAIN ME JOOOR |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by viver1: 5:32pm On Apr 23, 2019 |
Anusiemgood:(41,000x66.7)/100 = 27,347 27,347 + 41,000 = 68,347 |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Ozkar: 6:07pm On Apr 23, 2019 |
walex2:how can 12/18 be 0.4? So 12,000 is less than half (0.5) of 18,000? |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by briggz09(m): 6:44pm On Apr 23, 2019 |
Since the first guy said 67%, I already knew he was right even though it's actually 66.67%. If you really know your maths wella, you won't even argue like me with people getting different answers. For those that were trying to prove the first guy wrong, go back to your basic maths. For those working with the agency responsible for salary computations, please give us some clearance cos I know say no be by dis direct 67% |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by abbasajao(m): 8:45pm On Apr 23, 2019 |
Pandsho:Abi olodo leleyi ni. What sre you saying self |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by teejona(m): 10:09pm On Apr 23, 2019 |
mmb: This is not true because minimum wage only affects basic salary |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by nwanyionitsha: 10:23pm On Apr 23, 2019 |
mmb:Minimum wage applies only to basic salary not the whole package. |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by walex2(m): 6:19am On Apr 24, 2019 |
dbelovd: you are correct I got my final calculation wrong. 12000/18000 is 0.67 |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by scantee(m): 10:19am On Apr 24, 2019 |
Pandsho: Correct, I wonder where people get 66.7% except they are calculating from 18k, but from 30k new minimum wage the increment is 40%, but if you calculate from old minimum wage it will be 67% |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Originakalokalo(m): 12:17pm On Apr 24, 2019 |
urose93: Thanks. |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by engrlarex(m): 7:33am On Apr 25, 2019 |
Now a value increase from 18000 to 30000 1st method: assume u bought an item for 18K and sells it for 30K what is ur percentage gain. 30000-18000/18000 *100% 66.7% 2nd Method: 30000/18000=1.667 which is equivalent to the percentage increase if u multiply by 100%. U have 166.7%. But 18000 to 30K is not double which will be less than 100% increment. So just subtract 100% from 166.7% of 1.667 from 1= 66.7% Hope u get the level. tciro: 1 Like |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by airex(m): 10:46am On Jun 01, 2019 |
jujunaty:swollen nose... Roast me please. |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by judesplendid(m): 1:13pm On Aug 07, 2019 |
Plz if ur salary as a junior staff in a federal hospital is 30k. How wil dis new wage affect it Plz if ur salary as a junior staff in a federal hospital is 30k. How wil dis new wage affect it |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by engrlarex(m): 11:32am On Sep 24, 2019 |
30000/18000=1.667 It virtually means 166.7%. To get the percentage increment, just subtract from 100%. Ie 166.7-100= 66.7%. It’s a faster method people apply in Jamb and aptitude test questions. tciro: 1 Like |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Oponel1962: 10:19pm On Oct 19, 2019 |
Percentage increase is given for each category. |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by phlexy2k13(m): 5:51pm On Nov 01, 2019 |
Anybody in the house with the new minimum wage salary template? |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Sammy71012: 10:17pm On Dec 01, 2019 |
The simplest way to understand percentage increment is: What percentage of N18,000 wage will be added to N18,000 to increase it to N30,000? For those on level 1, step1: Let y be the percentage increase 18000+((y/100) x 18000)=30000 180y = 30000-18000 180y = 12000 y = 12000/180 y = 66.7% Alternatively, in a simpler way: Percentage increase = (Increment/old wage) x 100 (30000-18000) x 100/18000 = (12000/18000) x 100 = 66.7% Alternatively, in the simplest way, By ratio: (30,000/18000) = 1.667 1 stands for the 18000 0.667 stands for increment ratio on a scale of 1, which is 12,000 So, by simply subtracting 1 from 1.667 and multiplying the result by 100 gives you the percentage increase. 30000/18000 = 1.667 = 1.667-1 = 0.667 % increase = 0.667x 100 = 66.7% |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by kenobi007(m): 3:29pm On Dec 03, 2019 |
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