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it was my understanding
but as I know, even banking sectors pay another kind of allowance for these.
not sure if that is an obligation.
ගයාන් ලක්මාල්;19765076 said:
sometimes staff salaries can be higher than executive grade salaries..so how will it work in that event?
please correct me if I'm wrong, but as per labor acts you are required to pay OT if your staff has been working exceeding a certain number of hours per week, or if your staff has worked on statutory holidays.
this has nothing to do with your salary.
I'm not exactly clear on how executives are exempted for this but as far as I know management grades are not necessarily eligible for OT.
please do correct me if I'm wrong here.
above is taken from http://www.salary.lk/home/labour-law/work-and-wages/minimum-wages-and-overtime-payment
not sure if OT is a must for managers and executives in private sector.
just called and verified from the labor minister
"Executives are top level people in a certain organization. So they should be paid some big money. If top management decided to enroll employees for executive title, but still for less salary they should be paid OT + allowances."
"Executives are top level people in a certain organization. So they should be paid some big money. If top management decided to enroll employees for executive title, but still for less salary they should be paid OT + allowances."
wut about people in private institutions ??
only thing this clears up is how naive the typical sinhalese are
just called and verified from the labor minister
"Executives are top level people in a certain organization. So they should be paid some big money. If top management decided to enroll employees for executive title, but still for less salary they should be paid OT + allowances."
according to this a truck load of folks at my working place can take the management to court
wut about people in private institutions ??
only thing this clears up is how naive the typical sinhalese are
This act applies to all.Even the HR managers refers to these online pages just to remind themselves of the rules.So what does the typical worker knows
.Even the act is there most of the overtime pay is decided by the company.And some are not allowing to do OT for executive grade workers because the pay is high.Most of the time factory workers earns more than executives by OT alone.
This act applies to all.Even the HR managers refers to these online pages just to remind themselves of the rules.So what does the typical worker knows
ikr some folks are making shit money on OT alone.. I know a couple of factories which try to limit their daily OT hours to reduce labor cost.
and this page says employers are not required to pay OT for public holidays which may be true, seeing as how different companies pay different rates for same holidays
just called and verified from the labor minister
"Executives are top level people in a certain organization. So they should be paid some big money. If top management decided to enroll employees for executive title, but still for less salary they should be paid OT + allowances."
Is there a minimum wage for an executive grade in sri lanka?Minimum wage hangs around 6000rs.So unless the company is good they aren't bother about OT if you are an executive paid around 20000.According to text 20000 is a big salary.
I don't think so.. I've seen junior executives being hired below 15000 without OT.
probably it's the same minimum wage for all the grades.
ikr some folks are making shit money on OT alone.. I know a couple of factories which try to limit their daily OT hours to reduce labor cost.
and this page says employers are not required to pay OT for public holidays which may be true, seeing as how different companies pay different rates for same holidays
Most of the company drivers get a basic salary around 25000+OT.At the end of month they get paid around 55000.All what the guy does is fool around the day and have a smoke.You should see the faces of HR executives.
Most of the company drivers get a basic salary around 25000+OT.At the end of month they get paid around 55000.All what the guy does is fool around the day and have a smoke.You should see the faces of HR executives.
see this page has info on minimum wages
http://www.salary.lk/home/labour-law/work-and-wages
LOLs our office assistant makes more money with OT than executives in some cases
see this page has info on minimum wages
http://www.salary.lk/home/labour-law/work-and-wages
LOLs our office assistant makes more money with OT than executives in some cases
Terrible act
The minimum wage for executives is driven by companies.When the Indians arrives it will get down to around 12000/= for an executive.
Terrible act
yeah well..I guess the problem also is that there are no sets of qualifications specified in the labor rules for each grades as far as I know..so companies can bend whatever rules there are to suit their plans
They bend as much as they can for their profit.Even MBA people apply for executive grades.Unless for the overqualified you will not be able to become a manager in coming future.Unlike other countries you can't even do blue collar jobs here,heavily underpaid and looked down.Future will be shit for those in careers.
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