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Nairaland Forum / Nairaland / General / Career / How To Calculate Your New Salary Based On New National Minimum Wage: Photo (140020 Views)
At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? / Before You Accept That GROSS Salary, Here's Are Steps To Calculate Your Net Pay / Does New Minimum Wage Affect All Salary Earners? (2) (3) (4)
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Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by bulbutcher(m): 11:09pm On Jan 09, 2020 |
[quote author=Bossontop post=77770218] Thank God for the increase sha[Allah have mercy on uss All] |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Jagot: 9:24pm On Jan 28, 2020 |
people should check the new salary adjustment by NSIWC and not the simple primary school mathematics of 66.7% increment which only applied to the minimum earners. salary adjustment is based on grade level and steps according to the commission(NSIWC). the higher the grade level, the lower the adjustment in the salary structure. some higher grade level will only have 14% adjustment in their salary structure. |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by NnajiCyrux(m): 5:06am On May 10 |
How to Calculate New Minimum-wage Take Home is by (New Minimum Wage - Old Minimum Wage) × %Dedduction.. Where %Deduction is 27.0408% Then Minus your Answer from (New Wage - Old Wage) You get your Increment Therefore= (150,000 - 30,000) × 27.0408 = 120,000 × 27.0408% = 32,448.96 Then 120,000 × 27.0408% = 87,551.04 is Increment. |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by NnajiCyrux(m): 5:16am On May 10 |
How to Calculate New Minimum-wage Take Home is by (New Minimum Wage - Old Minimum Wage) × %Dedduction.. Where %Deduction is 27.0408% Then Minus your Answer from (New Wage - Old Wage) You get your Increment Therefore= (150,000 - 30,000) × 27.0408 = 120,000 × 27.0408% = 32,448.96 Then 120,000 - 32,448.96 = 87,551.04 is Increment. For the 2019 New minimum Wage from 18k to 30k let's calculate to know if am right! A = (New Wage - Old Wage) Then B = A × %deduction (which is 27.0408%) Your Increment = A - B A = 30,000 - 18,000 = 12,000 B = 12,000 × 27.0408% = 3,244.896 Increment = 12,000 - 3,244.896 = 8,755.104 |
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by abibun: 9:51pm On May 10 |
Is 18k the previous minimum wage mmb: |
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