At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? - Career

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At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? - Career - Nairaland

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At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Odiriance4all(m): 4:30pm On Jul 18

i am curious to know the percentage increase on salaries henceforth especially of fed government workers. as the new minimum wage of #70000 has been approved by the fed. the old minimum wage was #30000, that is automatically 135percent increased.
does that systematically and mathematically means i.e, if your current salary is #100,000. you will now be earning #235,000, is that how it going to be?

24 Likes 6 Shares

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by press9jatv: 4:46pm On Jul 18

Odiriance4all:
i am curious to know the percentage increase on salaries henceforth especially of fed government workers. as the new minimum wage of #70000 has been approved by the fed. the old minimum wage was #30000, that is automatically 135percent increased.
does that systematically and mathematically means i.e, if your current salary is #100,000. you will now be earning #235,000, is that how it going to be?

yes now. Grade 1 cleaner and grade 1 gardener will be earning #70k per month

23 Likes 3 Shares

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by psucc(m): 5:09pm On Jul 18

Odiriance4all:
i am curious to know the percentage increase on salaries henceforth especially of fed government workers. as the new minimum wage of #70000 has been approved by the fed. the old minimum wage was #30000, that is automatically 135percent increased.
does that systematically and mathematically means i.e, if your current salary is #100,000. you will now be earning #235,000, is that how it going to be?

No! If you have the old template, you will see the percentage used to calculate the allowances based on the Basic salary (minimum wage)

So you can work it yourself

17 Likes 6 Shares

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Chimarto: 5:10pm On Jul 18

Odiriance4all:
i am curious to know the percentage increase on salaries henceforth especially of fed government workers. as the new minimum wage of #70000 has been approved by the fed. the old minimum wage was #30000, that is automatically 135percent increased.
does that systematically and mathematically means i.e, if your current salary is #100,000. you will now be earning #235,000, is that how it going to be?

24 Likes

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by psucc(m): 5:12pm On Jul 18

That amount is the "basic salary". Other allowances will be calculated based on that and added.
Those on SGL 01Step 1, may earned something close to N100,000

press9jatv:
yes now. Grade 1 cleaner and grade 1 gardener will be earning #70k per month

6 Likes 1 Share

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by oloriooko(m): 5:23pm On Jul 18

the question should not be what rate but when

5 Likes

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by bigpicture001: 5:25pm On Jul 18

The forme was 30k and now 70k...do a maths to find out what percentage of growth is there from 30 to 70.... Wen u get the figure..

Then use the figure to do what percentage increase Is there on everyones fmr salaries..den u will get what d new salaries will b

5 Likes

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by victorDanladi: 5:59pm On Jul 18

bigpicture001:
The forme was 30k and now 70k...do a maths to find out what percentage of growth is there from 30 to 70.... Wen u get the figure..

Then use the figure to do what percentage increase Is there on everyones fmr salaries..den u will get what d new salaries will b

It doesn't work that way bro.

There will be a consequential adjustment.
The Salary may be just 30% increase

80 Likes 2 Shares

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by JobAndVacancies: 6:22pm On Jul 18

psucc:

No! If you have the old template, you will see the percentage used to calculate the allowances based on the Basic salary (minimum wage)

So you can work it yourself

yah the old template is available.
Saw it on Facebook and you can use it to calculate the current wage

1 Like

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Bolanx: 6:34pm On Jul 18

I sincerely don't understand

6 Likes

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Nazgul: 6:35pm On Jul 18

victorDanladi:

It doesn't work that way bro.

There will a consequential adjustment.
The Salary may be just 30% increase

Exactly. I noticed this when minimum wage was increased to 30k. A friend of mine who works in a Federal Hospital told me that the increment on his salary was less than 30%.

I believe they have a template they use in making the necessary adjustments.

10 Likes

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by iCauseTrouble: 6:35pm On Jul 18

Some people have started praising Tinubu because of the 70k minimum wage.
I just want to remind you that 70k is just less than $50 grin

71 Likes 2 Shares

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by jumper524(m): 6:36pm On Jul 18

Odiriance4all:
i am curious to know the percentage increase on salaries henceforth especially of fed government workers. as the new minimum wage of #70000 has been approved by the fed. the old minimum wage was #30000, that is automatically 135percent increased.
does that systematically and mathematically means i.e, if your current salary is #100,000. you will now be earning #235,000, is that how it going to be?

nah, it's most likely going to be 35 to 60 percent henceforth.

2 Likes

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by phemmie06(m): 6:36pm On Jul 18

Good one but I foresee more economic hardship, the hardship is what we suppose to fight against.
LABOUR can't fight for that but the masses when the mass of suffering on them get to the peak by opening our brains and sight

10 Likes 2 Shares

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Kobojunkie: 6:36pm On Jul 18

Odiriance4all:
i am curious to know the percentage increase on salaries henceforth especially of fed government workers. as the new minimum wage of #70000 has been approved by the fed. the old minimum wage was #30000, that is automatically 135percent increased.
does that systematically and mathematically means i.e, if your current salary is #100,000. you will now be earning #235,000, is that how it going to be?

Nigerians are being paid $45.01 slave wages per month by their government. undecided

20 Likes

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by chrisifeanyi: 6:36pm On Jul 18

The lowest level will enjoy the new minimum wage most. Others will get consequential adjustment. Some higher level will get about 25% increment while others may get less.

23 Likes

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Raymondfayowole(m): 6:36pm On Jul 18

I hope they won't use tax to collect everything grin

....Let's watch and see

10 Likes

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by NaijaCover(m): 6:37pm On Jul 18

70,000naira na small money, honestly saying

6 Likes

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Starboytwo(m): 6:38pm On Jul 18

Awa no salary nko??

Who go increase us.

7 Likes

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Harddiskng(m): 6:38pm On Jul 18

Nothing like increase if you are already earning more than 70k.

The minimum is 70k, no employer is mandated to increase your salary if you are already earning above that.

Any increase would be at your employer’s discretion

22 Likes

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by oluwaseyi0: 6:38pm On Jul 18

Seems most people really don't get what minimum wage means

Some people claim they are already paying their staff 100k 2 years ago, question is are you paying each and every of your cleaner, driver, gardener, support staff over 100k 2 years ago? Minimum wage is not for your core staff

With this minimum wage new graduate will start on level 8, which will be above 150k, while principal and top goons goes home with over 500k

Even school cert holders start from level 4 which is around 100k, almost no one will earn 70k

But most illetrate on nairaland think minimum wage is what you pay a fresh graduate or an experienced staff

22 Likes 6 Shares

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by easzypeaszy(m): 6:38pm On Jul 18

Mugun plenty here (My bad)
If ur Salary was 100k when minimum wage was 30k
Now it will be 140k dat minimum wage be 70k

% increment may not be more than the 40k

21 Likes 2 Shares

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Efuaye(m): 6:38pm On Jul 18

No matter what Nigerians are paid at this trying times, it will not be enough.
The new accepted minimum wage can't still buy a bag of rice that will feed a family of four for three months.
Pre APC regime when it was 30k under the corrupt PDP, you could buy at least three bags of rice conveniently and have change for tomatoes.

8 Likes

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Olalekanbanky1(m): 6:39pm On Jul 18

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Adufeamos: 6:40pm On Jul 18

Wetin concern me be say my allowee go be 70k shikenaa

14 Likes

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Biodun556(m): 6:40pm On Jul 18

I want to learn

1 Like

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by Lumig: 6:40pm On Jul 18

Please we need the authentic rate based on the recent MW, not guess work please

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by superCleanworks(m): 6:41pm On Jul 18

another one

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by davit: 6:41pm On Jul 18

To the poster, it is called minimum wage. Others earning above minimum wage will only get consequential adjustment, just some percent. Understood?

17 Likes 1 Share

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by easzypeaszy(m): 6:42pm On Jul 18

[quote author=Chimarto post=131023409][/quote]picture shared is very very wrong and misleading.
You only get additional 40k on whatever is your total take home

5 Likes

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by godwinngbede: 6:42pm On Jul 18

victorDanladi:

It doesn't work that way bro.

There will a consequential adjustment.
The Salary may be just 30% increase

please explain l, I am confused

Re: At What Rate Will Salaries Be Increased On New ₦70,000 Minimum Wage? by superCleanworks(m): 6:43pm On Jul 18

phemmie06:

LABOUR can't fight for that but the masses when the mass of suffering on them get to the peak by opening our brains and sight

Nigerian masses only fight by saying GOD WILL HELP US. And it ends there.

7 Likes 1 Share

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