₦airaland Forum

if the new minimum wage is agreed to b 30k, what happens to that of workers in higher levels? will the percentage of the minimum increment be appllied to that of d others? pls, educate me cause i dont understand.

Get your book and biro ready, am coming.

emexc11:
Get your book and biro ready, am coming.

im waiting sir

Op. Minimum wage. Is d lowest amount to be paid to d lowest level of worker,(basic salaries) it does not make those earning above earn less, it increases there own basic too. So every level of workers get an increase.

Exactly. For example, NYSC corpers get 10percent above minimum wage.

So now that minimum wage is 18000 naira,

10 % is 1,800naira

So NYSC allowee has to be 18000+1800= 19,800naira


If minimum wage goes up to 30k, NYSC allowed will be 1.1 * 30k = 33k. Or (5/3)*19800=33k


Now, all workers are simply earning based on minimum wage. For example. The highest civil servant gets 180,000naira which is 1000% of minimum wage.

But in addition to this basic pay, they also get other allowances such as medical allowance, etc which are all a percentage of their basic pay which in itself is a percentage of national minimum wage.

So what we are now saying in summary is that now that minimum wage is 18k, a civil servant whose final take home package is 340k will get (5/3)*340k naira as his/her new take home pay when minimum wage is changed to 30k

tunveskiy2:
Op. Minimum wage. Is d lowest amount to be paid to d lowest level of worker,(basic salaries) it does not make those earning above earn less, it increases there own basic too. So every level of workers get an increase.

so, let's say 30k is about 80% increment, does that mean other workers get 80% increase too? someone prev' earning 50k earning about 88k? is that it?

Cacawa2:
Exactly. For example, NYSC corpers get 10percent above minimum wage.

So now that minimum wage is 18000 naira,

10 % is 1,800naira

So NYSC allowed has to be 18000+1800= 19,800naira


If minimum wage goes up to 30k, NYSC allowed will be 1.1 * 30k = 33k. Or (5/3)*19800=33k


Now, all workers are simply earning based on minimum wage. For example. The highest civil servant gets 180,000naira which is 1000% of minimum wage.

But in addition to this basic pay, they also get other allowances such as medical allowance, etc which are all a percentage of their basic pay which in itself is a percentage of national minimum wage.

So what we are now saying in summary is that now that minimum wage is 18k, a civil servant whose final take him package is 340k will get (5/3)*340k naira as his/her new salary when minimum wage is changed to 30k

I very much uds now. thanks.

Mustiboy:
so, let's say 30k is about 80% increment, does that mean other workers get 80% increase too? someone prev' earning 50k earning about 88k? is that it?

The basic will increase in that percentage but other allowances might remain d same.

tunveskiy2:
The basic will increase in that percentage but other allowances might remain d same.

No, allowances will also go up in that same proportion because they are tied to the basic pay

the clue is in the word "MINIMUM"

Cacawa2:
No, allowances will also go up in that same proportion because they are tied to the basic pay

Simply put, allowances are calculated as a percentage of your salary.

Say, your medical allowance is 50% of your basic salary for example. Definitely, there will be a corresponding increase of your medical allowance if your basic salary increases from 50,000 to 80,000.

Does private sector workers get affected in any of these?

Does private sector workers get affected in any of these? . ..