Kerala Minimum Wage Notification - Private Financial Institutions
The draft proposals published under Notification No. 20549/E1/2015/LBR dated 28th July, 2016 in the Kerala Gazette Extraordinary No.1410, for fixing the minimum wages of employees in private financial institutions, as per Notification - G.O. (P) No. 8/2020/LBR dated 16 Jan 2020. The final verdict from the Hon'ble Supreme Court is pending on the granting of Service Weightage, Special allowance and Risk Allowance included as Sl. Nos. 2 to 4 in the notification. Also the Hon'ble Kerala High Court on Kerala Non Banking Finance vs State Of Kerala on 14 November, 2019 has struck down the prescription of service weightage, allowance of extra duty and risk allowance prescribed by the State Government in the Notification produced at Ext. P3, for reason of it being beyond the competence of the State Government acting under the Minimum Wages Act, but sustaining the notification on all other aspects.
Definition of Unskilled, Semi-skilled, Skilled & Highly Skilled Workers
(i) Unskilled:
An unskilled employee is one who does operations that involve the performance of simple duties, which require the experience of little of no independent judgment or previous experience although familiarity with the occupational environment is necessary. His work may thus require in addition to physical exertion familiarity with variety of articles or goods.
(ii) Semi-skilled:
A semiskilled worker is one who does work generally of defined routine nature wherein the major requirement is not so much of the judgment, skill and but for proper discharge of duties assigned to him or relatively narrow job and where important decisions made by others. His work is thus limited to the performance of routine operations of limited scope.
(iii) Skilled:
A skilled employee is one who is capable of working efficiently of exercising considerable independent judgement and of discharging his duties with responsibility. He must posses a thorough and comprehensive knowledge of the trade, craft or industry in which he is employed.
(iv) Highly Skilled:
A highly skilled worker is one who is capable of working efficiently and supervises efficiently the work of skilled employees.
Wages per month are calculated as 4.33 times if a weekly wage is defined. It is calculated as 4.33 times the standard hours per week if an hourly wage is given.
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