Monday, March 13, 2017

Overtime, Benefits

Visual Aid: 3.3.6: Overtime
Overtime Payments as per Labour Law
-          For employees work more than 8 hours in a day and 48 hours in a week.
Note: Overtime wage is 2x the
Basic Wage
-          In case of piece rate: time rates used as equivalent to the average rates of worker earnings.

Visual Aid:  3.3.7: Benefits
Benefits according to Labour Law
·       Two festival bonus/year in which the basic wages must not exceed.
·       Maternity Benefit for women: Payment for 16 weeks if employed for more than 6 months and having less than 2 children.
Termination:
·       Severance Pay: 30 (thirty) working days
·       Payment for un-enjoyed annual leaves along with paying all other dues
Accident/death:
·       Statutory benefits for injury or death by accident while employed

Explore difference between market and minimum wage          15 Min

Introduce Minimum Wage in Bangladesh. Discuss that Bangladesh has national minimum wage and industry specific minimum wages. The national minimum wage is BDT 3000 for unskilled adult workers and 2500 taka for young worker. In the case of RMG, the minimum wage is BDT 5,300 (effective since 2013). Market wage is often higher for semi-skilled/skilled worker.

Visual Aid:  3.3.8: Minimum Wage vs Market Wage

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