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Nairaland Forum / Nairaland / General / Career / Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? (36087 Views)
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Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by alcapone10: 4:21pm On Oct 19, 2019 |
It is a proportionate increase, it really do not matter if it is on basic or net,the same proportion still apply. I.e salary of 50k increased by 16% is 1.16 by 50k equal 58k and if basic is 20k increased by 16% =1.16 by 20k 23.2 allowance 30k/20k=1.5,1.5 by 23.2 + 23.2 is the same 58k. (Assuming allowance is 30k,basic is 20k then allowance is 30/20=1.5% of basic) 2 Likes 1 Share |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by amaks: 4:22pm On Oct 19, 2019 |
Dsourcee: Is everybody's increase a percentage of N30,000 regardless of what Grade Level the worker is? |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Nobody: 4:26pm On Oct 19, 2019 |
I am an auditor in a federal college of education in the southwest and I can authoritatively say that the percentage is on consolidated salary and not on basic salary. The new salary structure released from NSIWC for staff on level 1-6 around May this year clearly shows that. The figure on GL 1 Step 1 moved from 18k plus to 30k600 naira or thereabout.etc. That is about 66.67 %increment. So if you are not well informed, don't come here to misinform others. 10 Likes 2 Shares |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by OyiboOyibo(m): 4:27pm On Oct 19, 2019 |
Iseoluwani:Level 1-6 gets 66.6% increase |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by OyiboOyibo(m): 4:29pm On Oct 19, 2019 |
LargeBreed: Don't mind him 1 Like |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by OyiboOyibo(m): 4:32pm On Oct 19, 2019 |
miketayo:Level 9 officers in health ministry earns above 100k 1 Like |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Angelacruz: 4:37pm On Oct 19, 2019 |
True,d sent me text pawesome: |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by OyiboOyibo(m): 4:38pm On Oct 19, 2019 |
roman1755: Pls what will be the new Salary for a level 6 officer who is currently earning 58k under Conhess |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by tiredoflife(m): 4:38pm On Oct 19, 2019 |
What annoys me is not all of us work So why will the tax affect we that don't work Cos they are increasing everything like say na the full country dey collect minimum wage |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by ckmayoca: 4:39pm On Oct 19, 2019 |
Basic |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Fucklove(m): 4:39pm On Oct 19, 2019 |
Useless minimum wage |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Nobody: 4:47pm On Oct 19, 2019 |
The standard of education in Nigeria has really gone down. I am alarmingly ashamed of what people are commenting on here. Even some of the calculations here are nothing short of hilarious. If your consolidated salary is 119355k, and you are on 16%increment, your new salary becomes 119,355k*1.16=138,451.8k.or 119,355k*16%=19,096.8+119355k=138,451.8 2 Likes |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by ckmayoca: 4:47pm On Oct 19, 2019 |
Iseoluwani: Never! |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by ckmayoca: 4:48pm On Oct 19, 2019 |
Idaytesj29: He is wrong |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Luv4tv(m): 4:49pm On Oct 19, 2019 |
Dsourcee post=83279452]MINIMIN WAGE: GL7:23.2%; 30,000× 23.2÷100=N6,900 GL8:20%; 30,000× 20%÷100=N6,000 GL9:19%; 30,000× 19%÷100=N5,700 GL10-14:26%; 30,000× 16%÷100=N4,800 GL 15-17:14%; .30,000× 14%÷100=N4,200 Add it to what ever you earn, that's your new Salary. #MinimumWage #Labour The answer from d calculation plus ur basic salary get u d new basic salary + corresponding increase in ( furniture allowance, transport, rent, meal, utility and any other allowances) will now give u d new salary(total earning) less tax and other deduction. 2 Likes 1 Share |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by segzy3(m): 4:52pm On Oct 19, 2019 |
Increment is based on your basic salary Salary=basic salary + allowances(housing,transport e t c) Allowances are not taking into consideration in the calculation, it is just basic 2 Likes 1 Share |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by kid7soccer(m): 5:01pm On Oct 19, 2019 |
pawesome:yes 2 Likes 1 Share |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by symbianDON(m): 5:01pm On Oct 19, 2019 |
Dsourcee:wrong calculation 1 Like |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Sirseedorf(m): 5:01pm On Oct 19, 2019 |
Is it extended to private workers . |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Nobody: 5:06pm On Oct 19, 2019 |
Dsourcee: Hmm,it's this type of people that usually say,I gave the teacher marking scheme,but he failed me...This is obviously wrong. 2 Likes |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by stanjohn57: 5:17pm On Oct 19, 2019 |
Samakus: Allowances are in percentages of the Basic Salary. Hence wherever you apply it, (basic or consolidated) the result will be roughly the same. 1 Like |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by pawesome(m): 5:19pm On Oct 19, 2019 |
bareal: |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by ksauthenticoi: 5:19pm On Oct 19, 2019 |
[quote author=Dsourcee post=83279452]MINIMIN WAGE: GL7:23.2%; 30,000× 23.2÷100=N6,900 GL8:20%; 30,000× 20%÷100=N6,000 GL9:19%; 30,000× 19%÷100=N5,700 GL10-14:26%; 30,000× 16%÷100=N4,800 GL 15-17:14%; .30,000× 14%÷100=N4,200 Very wrong 1 Like 1 Share |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by ksauthenticoi: 5:20pm On Oct 19, 2019 |
That is not the actual calculation of the new minimum wage sir. |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by b3llo(m): 5:21pm On Oct 19, 2019 |
Dsourcee:Cow! your parents should be ashamed of you and your country for this nonsense u did. 4 Likes 1 Share |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Mummymahdi(f): 5:29pm On Oct 19, 2019 |
Dsourcee:6 how genuine is this? is it 20% of 30k abi 20%of my basic salary added or even 20% of 12k thats added on former minimum wage? so confusing |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by luggy(m): 5:31pm On Oct 19, 2019 |
Dsourcee:labour....with...there scam |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by simonsayz: 5:40pm On Oct 19, 2019 |
Dsourcee: What about people like me wey dey below level 7 what percentage increase will we experience? 1 Like 1 Share |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Olumyyde(m): 5:41pm On Oct 19, 2019 |
mrvitalis:So wrong. |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by tuyi19: 5:43pm On Oct 19, 2019 |
dsourcee: this is not true. the calculations is not on 30000 don't mislead people, if you don't know something. you don't have to lead people astray. |
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