Give an account on Minimum Wages Act?
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Retrospective Applicability
The Amendment Act is effective from 1 April 2014.
The Amendment Act is certainly a significant step in the interest of the workforce. However, employers should have been provided with a specified timeframe to factor in the increased costs in their accounts in order to comply with the retrospective bonus payment obligations.
The Amendment Act is effective from 1 April 2014.
The Amendment Act is certainly a significant step in the interest of the workforce. However, employers should have been provided with a specified timeframe to factor in the increased costs in their accounts in order to comply with the retrospective bonus payment obligations.
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