Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,938 members, 7,956,529 topics. Date: Monday, 23 September 2024 at 01:23 PM |
Nairaland Forum / Nairaland / General / Career / Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? (36749 Views)
Shipping Agencies Approve N200,000 Minimum Wage For Workers / See Average Monthly Net Salary Of Some Countries / Know The Difference Between Gross And Net Salary Before The Job Offer. (2) (3) (4)
(1) (2) (3) (4) (5) (6) (Reply) (Go Down)
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by wonuks(m): 3:49pm On Oct 19, 2019 |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by holyDaniel: 3:50pm On Oct 19, 2019 |
Ok oo |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by cameeeeel(m): 3:50pm On Oct 19, 2019 |
I don't have a job |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by mrvitalis(m): 3:51pm On Oct 19, 2019 |
Dsourcee:U are so wrong 23 Likes 1 Share |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by capitalzero: 3:51pm On Oct 19, 2019 |
Dsourcee:I thought as much |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by bobbybrown007: 3:55pm On Oct 19, 2019 |
Dsourcee:so if the person on grade 8 is collectin 70k so like 5k or so would be added to the person? 1 Like |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by OyiboOyibo(m): 3:56pm On Oct 19, 2019 |
1 Like |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by OyiboOyibo(m): 3:57pm On Oct 19, 2019 |
23% of your basic salary will be added to your salary for those on level 7 3 Likes |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Sugar019: 3:58pm On Oct 19, 2019 |
Thank God, I'm not a Nigerian |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by bareal(m): 3:59pm On Oct 19, 2019 |
pawesome: No worry, by the time they fully calculate it, N1,500 will be added to your salary. We go all dey alright |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by kevoh(m): 3:59pm On Oct 19, 2019 |
It is written in plain and clear terms that the addition will be an increment to your consolidated salary. i.e CONPSS, CONMESS, CONRAISS e.t.c What is consolidated salary (in Nigeria)? It is your basic salary + other allowances (meal, transport, hazard e.t.c) compressed into one. I hope this clears the air https://www.google.com/amp/s/guardian.ng/news/relief-as-fg-labour-seal-pact-on-minimum-wage/amp Read the link above and get informed. 9 Likes |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Cherrybae(f): 4:00pm On Oct 19, 2019 |
mrvitalis: Very wrong. 3 Likes |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Iseoluwani: 4:00pm On Oct 19, 2019 |
lexxybb: i think its 40% not 66.6% |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by kizwid(m): 4:04pm On Oct 19, 2019 |
for level 7,
if your basic salary is #70k, 23.2% of 70k will be added to your basic salary..
this..
70,000 + (70,000 x 0.232)= #86,240 12 Likes |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by ibechris(m): 4:07pm On Oct 19, 2019 |
enet1: That is not how they calculate for us. |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Myde4naija(m): 4:07pm On Oct 19, 2019 |
Dsourcee:you are actually wrong. The percentage increase will be calcuted base on the present salaries of the said grade level. For instance level 7 gross pay is presently around 65 - 70k now 23.3% increase is 14950 and 16100 respectively. Level 8 present get 100k and above, the percentage increase will be calculated on 100k. 8 Likes 1 Share |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by LargeBreed(m): 4:09pm On Oct 19, 2019 |
Dsourcee:please this is very wrong. It is % increase in your salary and not the minimum wage. Eg if you are on level 8 and your salary is 56,000, your new salary will be: 20/100*56,000 ie 0.2*56,000=11,200 56,000+11,200=67,200 New salary is 67,200. Please if you ain't a mathematician, economist or accountant, do not post misleading calculations. 25 Likes 2 Shares |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Radicalman(m): 4:10pm On Oct 19, 2019 |
wajja: Very important question because all we face new vat and tax as dey increase them 1 Like 1 Share |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by seunmsg(m): 4:10pm On Oct 19, 2019 |
Dsourcee: The above calculation is very wrong and should be ignored. At OP, there is nothing like calculating the new wage based on basic salary. Federal salary, at least, for those of us on CONPSS is consolidated. Whatever percentage increase will be calculated based on your current gross consolidated salary. 6 Likes 1 Share |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by mechanics(m): 4:10pm On Oct 19, 2019 |
Excluding allowance o, it will surely affect the gross income, it means the tax will increase and other compulsory deductions. |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by ibechris(m): 4:11pm On Oct 19, 2019 |
wajja: For the above named companies,they are already earning above minimum wage. |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by israelmao(m): 4:12pm On Oct 19, 2019 |
Not net salary it is basic so be ready for statutory deductions. |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Ngirima: 4:13pm On Oct 19, 2019 |
[s] Cherrybae:[/s] |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by famouscargo4u: 4:15pm On Oct 19, 2019 |
Dsourcee: You are wrong! The calculation is the percentage increase on basic salary. 3 Likes |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by pocohantas(f): 4:17pm On Oct 19, 2019 |
People that even earn that amount do not have basic pay or allowances. They just have, SALARY. |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by famouscargo4u: 4:17pm On Oct 19, 2019 |
pawesome: It would be 35k X 123.3% |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by miketayo(m): 4:18pm On Oct 19, 2019 |
Dsourcee: It's 23.2% of your salary not 23% of the minimum wage. By your calculations level 6 officers will earn more than level 7 officers 3 Likes |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by kevoh(m): 4:20pm On Oct 19, 2019 |
seunmsg:The thing tire me. I don't know what is difficult here to understand that these people keep on mentioning basic salary. It is BOLDLY written in the circular that the addition is to the consolidated salary. 2 Likes |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by miketayo(m): 4:21pm On Oct 19, 2019 |
Myde4naija: You are right about the calculations but wrong about the salaries, a level 9 federal workers gets around 80k-90k 3 Likes |
(1) (2) (3) (4) (5) (6) (Reply)
My Current State Of Mind / Nigerian Man Quits His Bank Job For A Life By The Beach Side / Vivian, A Groundnut & Banana Seller And An Undergraduate Of NOUN (Photos)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 34 |