hr72 - guideline on wage & salary determination
TRANSCRIPT
GUIDELINE ONWAGE &SALARYDETERMINATION
GUIDELINE NO HR/72This policy applies to all individuals worldwide working in Gujarat Fluorochemicals Limited and its subsidiaries of the
An Group Company
TABLE OF CONTENTS
OBJECTIVE
COVERAGE
FACTORS FOR WAGE & SALARY DETERMINATION:
COMPLIANCE OF LAW OF THE LAND
CONFIDENTIALITY OF WAGE AND SALARY INFORMATION
PRINCIPLE OF WAGE &SALARY ADMINISTRATION
02
02
03
03
04
POWER TO AMEND 05
02
An Group Company
Guideline No HR/72, © Gujarat Fluorochemicals Limited
determination, which is essentially the application of a systematic approach to the problem of
to pay competitive wages and salaries that is motivational, fair and equitable, variable with individual and Company performance and in compliance with all applicable statutory
This policy applies to all individuals worldwide working in Gujarat Fluorochemicals Limited and its
OBJECTIVE
COVERAGE
The Company respects the right of personnel to a living wage and ensures that wages paid for a normal working week/ month is adequate to meet the basic needs of personnel and to provide a
The company shall ensure that deductions from wages are made as per the provisions of law, and
applicable laws and that remuneration is rendered by cheque/bank transfer in a manner
PRINCIPLE OF WAGE & SALARY ADMINISTRATION
GUIDELINE NO HR/72
GUIDELINE ONWAGE & SALARY DETERMINATION
2
An Group Company
3
Cost of living
Region – cum – industry and market wage levels
PROCESS OF INQUIRY
FACTORS FOR WAGE & SALARY DETERMINATION
GUIDELINE NO HR/72
GUIDELINE ONWAGE & SALARY DETERMINATION
Guideline No HR/72, © Gujarat Fluorochemicals Limited
An Group Company
The company shall ensure that it complies with all the laws of the land related to wages and social
The Equal Remuneration Act, 1976
The Employee Compensation Act,1923
regards to the application of fairness in the levels of compensation provided to our employees,
4
CONFIDENTIALITY OF WAGE AND SALARY INFORMATION
GUIDELINE NO HR/72
GUIDELINE ONWAGE & SALARY DETERMINATION
Guideline No HR/72, © Gujarat Fluorochemicals Limited
An Group Company
5
POWER TO AMEND
GUIDELINE NO HR/72
GUIDELINE ONWAGE & SALARY DETERMINATION
Guideline No HR/72, © Gujarat Fluorochemicals Limited
An Group Company
Guideline No HR/72
An Group Company