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Nairaland Forum / Nairaland / General / Career / Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? (36112 Views)
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Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Olumyyde(m): 9:20pm On Oct 19, 2019 |
kevoh:Exactly, I don't know where the calculations using gross pay is coming from. |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by jadeliyi(m): 9:20pm On Oct 19, 2019 |
enet1:civil servant or private worker? |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Olumyyde(m): 9:23pm On Oct 19, 2019 |
LargeBreed:U're sound. |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Olumyyde(m): 9:28pm On Oct 19, 2019 |
miketayo:It depends on the federal agency u work with. Even level 8 staff in my agency earn above 95k. 1 Like |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by micflo28(m): 9:29pm On Oct 19, 2019 |
What about us in the paramilitary. Can we earn up to 200k for level 8 |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by urose93(f): 9:32pm On Oct 19, 2019 |
Consequential adjustment of wages are done relatively. That is why we termed it in accounting WAGES RELATIVITY. You can never plan and consequentially adjust a level two grade without taking cognizance of level one. It's a build up as it well. Firstly, what people earn from the old salary table of 18k minimum wage is not even used as a benchmark of the calculation of the new wage, otherwise a level 6 officer would have earned more than a level 7 officer from the current percentage adjustment. One cannot even start calculating from level 7, you need to start from level one and build the rest up consequentially. I will be more elaborate as I break it down soon. keep calm |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Olumyyde(m): 9:43pm On Oct 19, 2019 |
OyiboOyibo:Knowledge is key. |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Poorboy: 9:59pm On Oct 19, 2019 |
etinanguy:that's good |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Oponel1962: 10:05pm On Oct 19, 2019 |
Salaries are consolidated and so must be on the consolidated figure. |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by CioAngels(f): 10:29pm On Oct 19, 2019 |
I don't see reason to smile because Buhari will take everything on task and bank charges. They are not going explain for ease of understanding. Hunger continues. |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by pawesome(m): 10:33pm On Oct 19, 2019 |
Olakinsdotcom:the stuff is really confusin |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by excel87: 10:35pm 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 Add it to what ever you earn, that's your new Salary. #MinimumWage #Labou This one na pure mathematics U dey calculate. Salary calculation is not maths 1 Like 1 Share |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Nobody: 11:21pm On Oct 19, 2019 |
SultanOfAbia:
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Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Duru009(m): 11:42pm On Oct 19, 2019 |
Dsourcee: this is misleading, pls ignore....................... |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by notoriousbabe: 1:02am On Oct 20, 2019 |
RevengeNimi:No be money you go take carry the woman? |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by notoriousbabe: 1:03am On Oct 20, 2019 |
Duru009:give us your own |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Myde4naija(m): 1:30am On Oct 20, 2019 |
miketayo:well you maybe correct, depending on the step attained with the grade level, a level 7 step 7 office may earn the same as a level 9 step 1. I don't really have the federal government old salary structure but my assumption is base on friends gross pay. |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Edicoco(f): 2:36am On Oct 20, 2019 |
How does the minimum wage affect the conuass salary scale for lecturers? 1 Like 1 Share |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Nobody: 5:17am On Oct 20, 2019 |
bobbybrown007: There will be a new salary structure for the new pay. The 30k is basic salary GL1, step 1. It does not include allowances. That was how the 18k was done. The percentages released for the consequential adjustment is for basic only. The allowances has not been worked out. So, from what Dsourcee said above. Grade level 8's basic will be 36,000. When the allowances will be worked out, we will know the take home pay for gl8. For now, you can't know the formula they will use to work out the allowances. Unless anyone here knows. I don't. 2 Likes 1 Share |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by AmUmokeme(m): 6:01am On Oct 20, 2019 |
What about GL 1 to 6? |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Gee64: 6:37am On Oct 20, 2019 |
Edo State would cut short workers pay again and say they pay more. But I trust Obaseki; he is more worker friendly and more humane than previous government. In the old scheme, a level 16 step 9 officer receives 174k per month. And that's his take-home pay! |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Ryan03(f): 7:25am On Oct 20, 2019 |
Dsourcee:see heart break, this makes almost no difference in mg salary na. See how he pain me |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Olakinsdotcom(m): 7:34am On Oct 20, 2019 |
pawesome:Really confusing let's just be watching till they will start the implementation just that am very sure it's not base on wot the guy stated earlier. |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Alanpoza007: 7:38am On Oct 20, 2019 |
emmyskies:As you rightly said, corps members are not on Salary scale, so what you get paid is simply stipends not wages/salary which the government can decide to increase or reduce at will. So for now, the 19k800 still suffice unless the FG decides to be magnanimous and increase it. |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Samakus(m): 7:48am On Oct 20, 2019 |
Dsourcee: This is not correct. FG can't initially propose 10k increment across board for level 7 and above which was strongly rejected by labour, only for them to settle for an amount lower than the 10k FG initially proposed |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by enet1(m): 7:50am On Oct 20, 2019 |
jadeliyi:private worker |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Samakus(m): 7:52am On Oct 20, 2019 |
kevoh: Thank you. This answers my question. Now I'm good |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by seunmsg(m): 7:57am On Oct 20, 2019 |
Olumyyde: What is the difference between gross pay and consolidated salary? |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Samakus(m): 8:01am On Oct 20, 2019 |
seunmsg: OK bro. I'm on contiss and needed to know whether the increment is on gross or basic pay. I have gotten the right info now. Thanks 1 Like 1 Share |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Samakus(m): 8:04am On Oct 20, 2019 |
miketayo: That's so wrong. A (contiss) level 7 earns 90k. Get your facts right |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Samakus(m): 8:08am On Oct 20, 2019 |
roman1755: Thanks for the heads up. On another note, can you help with a template of salaries of civil servants on contiss level 7 and above (university non academic)? Need to clarify something |
Re: Minimum Wage: Is The New Agreed Percentages For Basic PayOr Net Salary? by Samakus(m): 8:13am On Oct 20, 2019 |
roman1755: That's a bit harsh bro. I created this thread because I didn't see where clarifications were made on how the new minimum wage will be calculated either by labour or FG. The post about the agreement by labour and FG on Nairaland and other news media was not specific on the question I raised on this thread, hence, the need to get more insights from others who might be privy to such information. Calculating percentages has never been the problem. Especially for a former banker. Have a good day |
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