Modern Labour Act (669): Difference between revisions
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# The minimum wage shall be calculated by way of negotiation between each industry and sector's labour unions and the employer associations. |
# The minimum wage shall be calculated by way of negotiation between each industry and sector's labour unions and the employer associations. |
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## Both parties shall engage in good faith negotiations to determine minimum wage levels annually, with the possibility of interim adjustments based on significant economic changes or inflation rates. |
## Both parties shall engage in good faith negotiations to determine minimum wage levels annually, with the possibility of interim adjustments based on significant economic changes or inflation rates. |
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## Collective bargaining negotiations will |
## Collective bargaining negotiations will at industry and sector levels shall involve talks to decide the appropriate minimum wage. |
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## The agreements reached through the negotiations shall be binding and enforceable for all employers and employees within the respective industry or sector, in which the terms agreed must be documented and submitted to the Ministry of Commerce and Labour for record-keeping and transparency. |
## The agreements reached through the negotiations shall be binding and enforceable for all employers and employees within the respective industry or sector, in which the terms agreed must be documented and submitted to the Ministry of Commerce and Labour for record-keeping and transparency. |
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# In the event of a deadlock in negotiations, parties may seek mediation or arbitration services from an independent body appointed by the Ministry of Commerce and Labour which will must mediate in a manner that is fair, impartial, and aimed at reaching a mutually acceptable resolution. |
# In the event of a deadlock in negotiations, parties may seek mediation or arbitration services from an independent body appointed by the Ministry of Commerce and Labour which will must mediate in a manner that is fair, impartial, and aimed at reaching a mutually acceptable resolution. |