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At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? - Career (5) - Nairaland

Nairaland ForumNairaland GeneralCareerAt What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? (65449 Views)

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Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Yankee101: 10:22pm On Jul 18, 2024
osazsky:
but the least entry lvl no longer starts from lvl 1 step 1..even if u didn't attend kindergarten...it's long abolished
So on what level and step are the minimum wage negotiations based?

Go ahead and hang your self with your useless arguments

I’m waiting
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Yankee101: 10:24pm On Jul 18, 2024
Dotherightthing:
That's the annual basic!!!

I listened to Festus Osifo some months ago when he said the least earning worker was earning 77k (42k + 35k wage award)
You clearly don’t know what you’re talking about

The wage award is not a salary

It’s a temporary incentive meant to cushion the effect of the hike in fuel prices. It was paid to all workers no matter the rank. I thought you were even a federal worker that’s why I was trying to educate you. You know nothing about what you’re arguing about. Just keep quiet or do more research
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by HitRun(m): 10:25pm On Jul 18, 2024
Odiriance4all:
does that systematically and mathematically means i.e, if your current salary is #100,000. you will now be earning #235,000, is that how it going to be?
Going by previous increment, I don’t think so. It is going to be smaller.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 10:27pm On Jul 18, 2024
Yankee101:
You’re now changing your arguement?

When minimum wage is decided it is for level 1 step 1

I’m giving you federal salary scales and you’re still arguing
my bro apart from corpers no fg worker gets salary of 30k..I have friends and colleagues in ippis...
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by IyaTola: 10:29pm On Jul 18, 2024
Raymondfayowole:
I hope they won't use tax to collect everything grin grin....Let's watch and see
Refer to the finance act of 2020 those earning minimum wage are tax exempted.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Yankee101: 10:29pm On Jul 18, 2024
osazsky:
my bro apart from corpers no fg worker gets salary of 30k..I have friends and colleagues in ippis...
You just answered yourself
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 10:30pm On Jul 18, 2024
Yankee101:
You clearly don’t know what you’re talking about

The wage award is not a salary

It’s a temporary incentive meant to cushion the effect of the hike in fuel prices. It was paid to all workers no matter the rank. I thought you were even a federal worker that’s why I was trying to educate you. You know nothing about what you’re arguing about. Just keep quiet or do more research
oga there is currently no fg staff collecting 30k...I have friends in ippis..in my establishment I also have access to our monthly payroll...the least entry lvl of 1 step 1 has since been abolished...this is a known fact..let's discuss other matter
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by IyaTola: 10:30pm On Jul 18, 2024
Adufeamos:
Wetin concern me be say my allowee go be 70k shikenaa
77k
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by HitRun(m): 10:31pm On Jul 18, 2024
Harddiskng:
Nothing like increase if you are already earning more than 70k.

The minimum is 70k, no employee is mandated to increase your salary if you are already earning above that.

Any increase would be at your employer’s discretion
See how you de talk wrong thing with your full chest.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by osazsky(m): 10:32pm On Jul 18, 2024
Yankee101:
You just answered yourself
are copers civil servants..my earlier statement was that no civil servant goes home with 30k..are coppers not graduate...so u can't even start them from lvl 1 step 1..wat coppers get is not salary but allowance
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by HitRun(m): 10:37pm On Jul 18, 2024
Sman37:
Naira is not dollar at least respect our sovereignty
Everything we buy is tied to the dollar, but somehow somehow, our income should not be tied to the dollar. No be juju be that?
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by cattylove7(f): 10:44pm On Jul 18, 2024
I don't think so because the state government i used to work then the higher your ranking in the civil service the lesser the percentage it is goin 2 b increased by its only the lower income earners that had d highest raise for example my PS was earning over 400,000 naira in month as a d highest rank as the (P.S)legal officer I heard his salary only went up by 6000 naira ie like 406k because as the highest rank it was only those people that had least rank that had d went up d highest ie from 18k to 30k minimum wage www.cattylove.com
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by murphyung(m): 10:46pm On Jul 18, 2024
easzypeaszy:
Mugun plenty here
If ur Salary was 100k when minimum wage was 30k
Now it will be 140k dat minimum wage be 70k

I don't kw wht dose guys up der are calculating
What if my salary is 500k. Are you saying my new salary will be 540k?
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Dotherightthing: 10:55pm On Jul 18, 2024
Yankee101:
You clearly don’t know what you’re talking about

The wage award is not a salary

It’s a temporary incentive meant to cushion the effect of the hike in fuel prices. It was paid to all workers no matter the rank. I thought you were even a federal worker that’s why I was trying to educate you. You know nothing about what you’re arguing about. Just keep quiet or do more research
Wage award is 35k. Take home based on the 30k minimum wage is 42k. That is what the least worker was earning until today.

Why is that difficult for you to understandhuh

70k is the basic salary!!!
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Harddiskng(m): 10:56pm On Jul 18, 2024
HitRun:
See how you de talk wrong thing with your full chest.
Lool what is the correct thing?

If you are working for me at 100k, cuz government increased civil servants pay to 70k; you will bring your gun to a private office and force me to add something to your 100k for you faa grin

Don’t you get it, you are already earning above it as per government regulations. The law doesn’t mandate i pay you more than that. Any increase is cuz i “feel” like giving it to you.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Raymondfayowole(m): 11:10pm On Jul 18, 2024
ojodombe:
Certainly it will be collected indirectly.
Watch fuel prize visa viz Tfare.

Hope we have got what we want?
Nigeria my country
Same thing my mind went to immediately I saw the news. Was reading about the landing price of petrol now at ₦‎1,117/Litre. It's just a matter of time.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Raymondfayowole(m): 11:11pm On Jul 18, 2024
IyaTola:
Refer to the finance act of 2020 those earning minimum wage are tax exempted.
We all pay tax directly or indirectly....
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Amwitty(f): 11:55pm On Jul 18, 2024
Kobojunkie:
Nigerians are being paid $45.01 slave wages per month by their government. undecided
Sooo sad
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by victorsola: 12:08am On Jul 19, 2024
Nazgul:
Exactly. I noticed this when minimum wage was increased to 30k. A friend of mine who works in a Federal Hospital told me that the increment on his salary was less than 30%.

I believe they have a template they use in making the necessary adjustments.
that’s because The former wage was 19k and it increased to 30k which is not up to 100 percent.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by HitRun(m): 12:08am On Jul 19, 2024
Harddiskng:
Lool what is the correct thing?
The correct thing is that there will be adjustment to every other salary as a result of the least paid person getting a minimum of 70k. This is called consequential adjustment. The reason for this is that the salary of the next rank must be higher than the salary of the previous rank. So, if you increase the least rank salary to 70k, 70k is greater than the original salary of the next rank, so you have to increase that salary, which makes you increase that of the next, and then the next, etc. You have to note that for the government and organized private sector, there are predetermined gaps between salaries based on ranks that has to be maintained. It is in keeping with the maintenance of that gap between ranks that ensures an all salaries get increased.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by victorsola: 12:10am On Jul 19, 2024
murphyung:
What if my salary is 500k. Are you saying my new salary will be 540k?
so they will add 40k across board . Mumu
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Connectionmi: 12:25am On Jul 19, 2024
The government is for the public only and not for the private workers because I don't known why people are.talking rubbish they say minimum wage is 70k.,pls.ask.your self how many people are working in in government agency how many is few ,Because the larger population are private and so what we now happen to the unemployed people that have not gotten a job or those working on thier own ,They say they sharing palative hiw may people get it It seems the government is for the party people.only once you are.not a parrty membwr forget about palative whicj is bad what we happen to the yoith not working and the old people hiw we dey survive is too abd we ate happy on what is not ok ,we shoukd think .Rhe tao basic fators we need to stablise this ccountry is take fuel back to 300 and dollar back to 300 bettwr that way things we come down and make sure every state produce something ,
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by nwakibe: 12:59am On Jul 19, 2024
HOW TO CALCULATE YOUR NEW SALARY BASED ON THE NEW NATIONAL MINIMUM WAGE BILL:

#Formula: x = ( a * b ) ÷ c

Where;
a = Present Salary
b = New Minimum Wage
c = Previous Minimum Wage
x = New Salary

For Example:

Assume Your Salary (Income) is N52,000

Let's calculate

i.e.

a = Present Salary = N52,000

b = New Minimum Wage = N70,000

c = Previous Minimum Wage = N30,000

x = New Salary = ?

Formula:

x = (a * b) ÷ c

X = (52,000 * 70,000) ÷ 30,000

X = 3,640,000,000 ÷ 30,000

X = N121,300.

Thank you so much.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Whalesideas65: 1:32am On Jul 19, 2024
You cannot buy a bag of rice still
Yyeyenatu

Odiriance4all:
i am curious to know the percentage increase on salaries henceforth especially of fed government workers. as the new minimum wage of #70000 has been approved by the fed. the old minimum wage was #30000, that is automatically 135percent increased.
does that systematically and mathematically means i.e, if your current salary is #100,000. you will now be earning #235,000, is that how it going to be?
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Ameboperoo(m): 3:29am On Jul 19, 2024
Yankee101:
Argue with the federal government
Anyone one above 36k is not level 1 step 1
Very few establishmentd use CONRAISS salary structure. Majority use COMPSS where level 1 step 1 is 30k
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by fatboyslym007: 4:24am On Jul 19, 2024
PHAYOL81:
My bad, then. Thought I saw a decimal point there!
Lol.... I still get the carrot o grin grin grin
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by psucc(m): 6:59am On Jul 19, 2024
Yankee101:
I don’t think this is true

It’s all inclusive that’s 70k
Not all inclusive.
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Johninfantry: 7:09am On Jul 19, 2024
Abeg what of military nko
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by PHAYOL81: 7:16am On Jul 19, 2024
fatboyslym007:
Lol.... I still get the carrot o grin grin grin
YOU're not serious! Lol
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by oluwaseyi0: 8:31am On Jul 19, 2024
Victerica:
Increase of minimum wage will not solve the problem.

Rather genuine repentance will. The sin among the people is too much.
Which sin? We don't even have major gay marriage like those European people yet they are far better than us

Most of us don't even have resources to commit any reasonable sin

Or you think it's by those minor civilians 2-fighting cases? Gun is not even licensed here like US
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by uniquelyspecial(m): 8:32am On Jul 19, 2024
Harddiskng:
You want to go to office and force your Oga to make consequential adjustment? Lol

Good luck
On what?
Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Tempulated: 8:39am On Jul 19, 2024
The minimum should have been #100,000.
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