It's no longer news that the organized Labour and Federal Government reached an agreement on consequential adjustment for the implementation of the new minimum wage for staff on levels 7 to 17.

The niggling question is..
If level 7 staff will see 23.3% increment on their salaries due to the new minimum wage as agreed by both parties on Wednesday, will it be calculated with their basic or the total take home for the month (basic plus allowances)?

This need to be cleared to know if this much debated new minimum wage is anything to write home about or not.

can we get opinions on this?

Most times,salary increase is always calculated on basic salary which will reflect on some other allowances housing,13th month,pension employer and employee remission etc.I am speaking from my personal experience

No amount of School will prepare you for this..

I still dont understand this minimum wage thing fully


it is actually causing more harm than good
Now banks are going to be charging for transaction done using ussd code...the whole thing is tirey....


Another thing that i wanna ask now is that the percentage increase,are we using 30k to calculate the percentage increase or we using the mothly salary to calculate the increase

The money wey government go take style commots again....tax will be increased and there will be inflation....dem tell me where is the increasing....

:Date

SultanOfAbia:
Fde

continue

Mr space

Basic

I strongly believe it will be calculated based on basic. Chris ngige beards won't allow it to be calculated based on net oo

I need the answer slf

pawesome:
I still dont understand this minimum wage thing fully

You're not alone

Watin cozan me self...?

Me wey I dey look for woman wey I go wilsonise dis night.

Meanwhile,

The new minimum wage is basically useless.

MINIMIN WAGE:

GL7:23.2%; 30,000× 23.2÷100=N6,900

GL8:20%; 30,000× 20%÷100=N6,000

GL9:19%; 30,000× 19%÷100=N5,700

GL10-14:26%; 30,000× 16%÷100=N4,800

GL 15-17:14%; .30,000× 14%÷100=N4,200

Add it to what ever you earn, that's your new Salary.
#MinimumWage
#Labour

Please does this increment applies to those working in Banks, Dangote company, Lafarge Holcim, as well as other prominent private organisations? If not, then the NLC is just for government workers and it is bad for fairness and justice.

.... IN NEW MINIMUM WAGE WE TRUST

It is based on the gross pay. If you look at the percentage increase between 18k to 30k, it is 66.6 percent. So level 1 to 6 will be calculated based on the 66%. Other levels will be based on the percentage agreed upon.

Gforce2015:
The money wey government go take style commots again....tax will be increased and there will be inflation....dem tell me where is the increasing....

banks said they are gonna be charging wenever u use ussd code

It is calculated on basic salary....23% of your basic will added to your salary

NLC President, Ngegi and Keyamo go soon reply you.

I'm very curious about this, still haven't gotten a comprehensive explanation.

lexxybb:
It is based on the gross pay. If you look at the percentage increase between 18k to 30k, it is 66.6 percent. So level 1 to 6 will be calculated based on the 66%. Other levels will be based on the percentage agreed upon.

so if you earning 35k at level 7,its gonna be 23.3 percent of the 35k?

@ op, use that formular

with new vat and taxes coming soon all the increments na audio money

Dsourcee:
MINIMIN WAGE:

GL7:23.2%; 30,000× 23.2÷100=N6,900

GL8:20%; 30,000× 20%÷100=N6,000

GL9:19%; 30,000× 19%÷100=N5,700

GL10-14:26%; 30,000× 16%÷100=N4,800

GL 15-17:14%; .30,000× 14%÷100=N4,200

Add it to what ever you earn, that's your new Salary.
#MinimumWage
#Labour

ok....i now understand

pawesome:
I still dont understand this minimum wage thing fully


it is actually causing more harm than good
Now banks are going to be charging for transaction done using ussd code...the whole thing is tirey....


Another thing that i wanna ask now is that the percentage increase,are we using 30k to calculate the percentage increase or we using the mothly salary to calculate the increase

Yeaterday i calculated it using the basic salary but from your point i think it should be 30k. i.e 23% of 30k + basic salary.


humble opinion

Kwa Kwa run kwakwa

Dsourcee:
MINIMIN WAGE:

GL7:23.2%; 30,000× 23.2÷100=N6,900

GL8:20%; 30,000× 20%÷100=N6,000

GL9:19%; 30,000× 19%÷100=N5,700

GL10-14:26%; 30,000× 16%÷100=N4,800

GL 15-17:14%; .30,000× 14%÷100=N4,200

Add it to what ever you earn, that's your new Salary.
#MinimumWage
#Labour

Are you sure?

This country matter just tire person.

We are just suffering and smiling in dx country ...we will surely survive against all odds

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reasonable and augmentative thread like this, you wont see yoot coming here to iron it but when u see thread of BBnaija and useless others... they will rush