Fixation of Minimum Rates of Wages

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Fixation of Minimum Rates of Wages

The government under the minimum wages act, 1948 has made it mandatory to provide the workers working in a factory with minimum wages. Therefore the section 3 of this act states the Fixation Of Minimum Rates Of Wages [Section 3(1) (A)]. This will help the employees to get their hard-work paid appropriately.

 

Fixing the minimum rates of wages:

• For the time work, a minimum rate of wages will be given i.e. “a minimum time rate.”
• For the piece of work, a minimum rate of wages will be given i.e. “a minimum piece rate.”
• Employees employed for a piece of work are given a minimum rate of remuneration, for securing their minimum rate of wages on time work basis.
• A substitute of minimum rate is given to the employees whether a piece or the time rate, which would be otherwise given as the overtime done by the workers.

Also, a minimum rate of wages may be fixed for one or more of the following periods of wages:

• The Hour
• The Day
• The Month, or
• The other large wage period as may be suggested

Therefore, the wages may be provided by calculating the number of hours the worker spent in a factory. It can also be calculated by the number of days, months or the other suggested wage period. Thus, the minimum wage fixation shall be done, for all the workers working in a factory depending on the nature of calculation as per the number of hours, day, month, etc.

 

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