sail employees wage hike 2012

sail employees wage hike 2012

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sail employees wage hike 2012

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sail employees wage hike 2012

Bank staff unions, IBA agree on 15% pay hike Rediff

Jul 22, 2020· Bank staff unions, IBA agree on 15% pay hike. As many as 8.5 lakh bank employees are set to benefit from the wage hike, which will be effective from November 2017.

SAIL staff to get arrears from July 15 The Hindu

Jul 02, 2014· SAIL revises its employees’ wages every five years. The current hike had been pending since January 2012. The delay was due to the demand of employees’ unions asking for 21.6 per cent hike

IBA, Bank unions agree on 15% wage hike Moneycontrol

6 小时前· In the 2012 round, IBA had awarded a 15 percent hike to employees. This time (2017-2022), unions had originally demanded a 20 percent hike while the IBA initially offered 12.25 percent.

Wage hike may dent SAIL's profits The Hindu BusinessLine

Nov 18, 2011· SAIL's employee costs for the financial year 2012 are estimated at Rs 8,000 crore. Based on the current revenue, employee wages account for about 20 per cent of SAIL's turnover.

7th Pay Commission Allowance Hike: SAIL Officers May Get 5

Sep 05, 2019· Notably, SAIL employees are entitled to a DA hike on a quarterly basis after every three months. In total there are approximately 1,00,000 employees working at SAIL

News: SAIL employees to get wage hike after two-year wait

SAIL employees to get wage hike after two-year wait Steel Authority of India Ltd’s 85,000 non-executive employees will get a 17 per cent hike in basic pay and dearness allowance along with a 6 per cent rise in perks.

Wage Revision for Rashtriya Ispat, SAIL Non-Executives Settled

The National Joint Committee for Steel Industry (NJCS), an umbrella body of the unions of SAIL and RINL, has finalised wage settlement for non-executive employees, SAIL said in a release. "The

Bank unions, IBA agree on 15% annual wage hike; 8.5 lakh

The last round of negotiation happened on March 16 before the outbreak of COVID-19 pandemic, he said, adding the wage hike will benefit about 8.5 lakh employees and officers.

IBA, bank unions agree on 15% wage hike

3 小时前· “The annual wage increase in salary and allowances is agreed at 15% of the wage bill as on 31 March, 2017, which works out to ₹ 7,898 crore on payslip components," according to the minutes of

Decision on wage revision for SAIL employees remain

Aug 24, 2013· Decision on wage revision for SAIL employees remain inconclusive. While NJCS was demanding a 21.6 per cent hike, the same as the last rise in 2007, SAIL management was not willing to offer more than 15 per cent given the current subdued steel market scenario across the world. SAIL has now a little less than one lakh manpower that includes

Bank unions, IBA agree on 15% annual wage hike; 8.5 lakh

The last round of negotiation happened on March 16 before the outbreak of COVID-19 pandemic, he said, adding the wage hike will benefit about 8.5 lakh employees and officers.

Wage Revision for Rashtriya Ispat, SAIL Non-Executives Settled

The National Joint Committee for Steel Industry (NJCS), an umbrella body of the unions of SAIL and RINL, has finalised wage settlement for non-executive employees, SAIL said in a release. "The

SAIL proposes 10% wage hike; unions demand 30%

SAIL proposes 10% wage hike; unions demand 30% SAIL's wage bill in financial year 2012 was Rs 7633 crore and if the company bows to the unions' demands, the cost would increase by Rs 2287

sail wage revision

Jan 12, 2014· A report on the wage revision of SAIL employees 2012, a five year agreement is given below: NEW DELHI, JAN 12: Annual wage outgo of SAIL will go up by at least Rs 1,000 crore with the PSU set to sign a pact with its 85,000 nonexecutives for a 16 per cent hike in basic and dearness allowances and six per cent rise in perks.

sail pay revision latest news Mining

Wage hike may dent SAIL's profits – Business Line. Wage revision for over one lakh employees, excluding officers, is due for Based on the current revenue, employee wages account for about 20 per cent of SAIL's News Education International Politics

SAIL wage revision soon; annual outgo to rise by Rs 1,000

Jan 12, 2014· SAIL wage revision soon; annual outgo to rise by Rs 1,000 cr. Wage revision in SAIL, done every five years, is pending since January 2012 due to differences on the extent of hike between the company management and its unions' umbrella body, National Joint Committee for Steel (NJCS).

Wage revision for non-executives of SAIL and RINL settled

"The wage settlement shall be effective from January 1, 2012 and would benefit more than 92,000 employees. The wage settlement was cleared pursuant to Memorandum of Understanding dated January 1, 2014 and approval of the SAIL Board as well as clearance of Ministry of Steel," SAIL said.

New Steel Minister okays wage revision in SAIL, 85K to

Jun 12, 2014· Following the Ministry's approval, SAIL would now sign an agreement with the employees and within a month of that the revision would be implemented. Initially, union representatives involved in the wage revision talks were demanding a 21.6 per cent hike, similar to the rise in 2007, in basic and dearness allowances.

Push for minimum wage hike intensifies as worker ranks

Dec 13, 2012· Although the 2012 election might have brought the idea of income inequality to the forefront of voters’ minds, efforts to increase wages for these workers are

2. Dearness Allowance (a)- SAIL (WAGE Revision

Jan 28, 2012· The wage of an employee on the rolls of the company as on 31.12.2011 should be fixed as per the following formula (a) Basic pay in the pre-revised scale of pay as on 31.12.2011 + (b) Guaranteed Benefit @ 50 % on (a) above + (c) Dearness Allowances as on 01.01.2012

Diwali Gift for Public Sector Bank employees! Banks stump

Banks stump unions, to pay part wage arrears at 12% hike It`s a Diwali bonanza for public sector bank (PSB) employees. Their accounts are being credited with part wage arrears even before the final agreement on the wage revision.

Steel Minister Approves Wage Revision in SAIL: Report

Jun 12, 2014· A wage revision in the state-run steel major, due every five years, has been pending since January, 2012 owing to differences on the extent of hike between the

New CPSE Employees Pension Scheme for 1.5 Lakh Wage

The detailed consultation has made the Ministry of Steel decide on the final agreement and bring a new Pension Scheme for the wage workers. As the name suggests, the CPSE Employees Pension Scheme CPSE Employees Pension Scheme is effective for executives and non-executives from January 1 (2007) and January 1 (2012) respectively.

Average Wage Index (AWI)

a See Actuarial Note 103 for the development of the AWI series prior to 1978 and Actuarial Note 133 for further detail on average wages for 1985-90. b Data for 1991 and later include contributions to deferred compensation plans. The "prior year average amount" shown in this row includes contributions to deferred compensation plans and was used to calculate the increase in raw average wages

SAIL wage revision soon; annual outgo to rise by Rs 1,000

Jan 12, 2014· SAIL wage revision soon; annual outgo to rise by Rs 1,000 cr. Wage revision in SAIL, done every five years, is pending since January 2012 due to differences on the extent of hike between the company management and its unions' umbrella body, National Joint Committee for Steel (NJCS).

wage agreement newson sail employees on 2012

Nov 29, 2012· >Ore Process >news of sail wage board; Print , Pay hike for SAIL employees on anvil , 2012 Find breaking news,. More information coal mine wages ncwa ix

Steel Minister Approves Wage Revision in SAIL: Report

Jun 12, 2014· A wage revision in the state-run steel major, due every five years, has been pending since January, 2012 owing to differences on the extent of hike between the

sail wage revision

Jan 12, 2014· A report on the wage revision of SAIL employees 2012, a five year agreement is given below: NEW DELHI, JAN 12: Annual wage outgo of SAIL will go up by at least Rs 1,000 crore with the PSU set to sign a pact with its 85,000 nonexecutives for a 16 per cent hike in basic and dearness allowances and six per cent rise in perks.

SAIL, union meet on Saturday; non-executives may get at

Aug 21, 2013· NEW DELHI: The issue of wage revision at SAIL, pending for over 18 months, is expected to be settled this week, benefitting around 85,000 non-executives with at least 15 per cent hike in basic and dearness allowances. The differences involving the rate hike are likely to be ironed out at the proposed meeting between the management of state-owned steel maker and the National Joint

Diwali Gift for Public Sector Bank employees! Banks stump

Banks stump unions, to pay part wage arrears at 12% hike It`s a Diwali bonanza for public sector bank (PSB) employees. Their accounts are being credited with part wage arrears even before the final agreement on the wage revision.

SAIL wage revision soon; annual outgo to rise by Rs 1,000

Jan 12, 2014· NEW DELHI: Annual wage outgo of SAIL will go up by at least by Rs 1,000 crore with the PSU set to sign a pact with its 85,000 non-executives for a 16 per cent hike in basic and dearness allowances and six per cent rise in perks. Wage revision in SAIL, done every five years, is pending since January 2012 due to differences on the extent of hike between the company management and its

New CPSE Employees Pension Scheme for 1.5 Lakh Wage

The detailed consultation has made the Ministry of Steel decide on the final agreement and bring a new Pension Scheme for the wage workers. As the name suggests, the CPSE Employees Pension Scheme CPSE Employees Pension Scheme is effective for executives and non-executives from January 1 (2007) and January 1 (2012) respectively.

2. Dearness Allowance (a)- SAIL (WAGE Revision

Jan 28, 2012· The wage of an employee on the rolls of the company as on 31.12.2011 should be fixed as per the following formula (a) Basic pay in the pre-revised scale of pay as on 31.12.2011 + (b) Guaranteed Benefit @ 50 % on (a) above + (c) Dearness Allowances as on 01.01.2012

Average Wage Index (AWI)

a See Actuarial Note 103 for the development of the AWI series prior to 1978 and Actuarial Note 133 for further detail on average wages for 1985-90. b Data for 1991 and later include contributions to deferred compensation plans. The "prior year average amount" shown in this row includes contributions to deferred compensation plans and was used to calculate the increase in raw average wages

PSU Employees Wage Revision Policy for the 7th Round

PSU Employees Wage Revision – Policy for the 7th Round (2nd part) of Wage Negotiations for unionized workers in Central Public Sector Enterprises w.e.f. 01.01.2012. PSU Employees Wage Revision relates to CPSE Unionized workers is due with effect from 01.01.2012.

Federal Wage System

The Federal Wage System (FWS) is a uniform pay-setting system that covers Federal appropriated fund and nonappropriated fund blue-collar employees who are paid by the hour. The system's goal is to make sure that Federal trade, craft, and laboring employees within a local wage area who perform the same duties receive the same rate of pay.

$15 minimum wage will have big impact on small businesses

Mar 01, 2019· By Maryland Reporter · March 1, 2019 · Comments Off on $15 minimum wage will have big impact on small businesses and employees By Mike O’Halloran State Director, National Federal of

More than 90,000 SAIL employees to benefit from historic

New Delhi: In a significant move, the National Joint Committee for Steel Industry (NJCS) finalised wage settlement for non-executive employees of SAIL on 1st July, 2014 in the presence of Sri C.S. Verma, Chairman, SAIL.The wage settlement shall be effective from 01.01.2012 and would benefit more than 92,000 employees. The wage settlement was cleared pursuant to the Memorandum of Understanding