By Shina Abubakar
Following the settlement between authorities and labour unions in Osun, the State Governor, Mr Adegboyega Oyetola has authorized the brand new minimal wage for employees within the state efficient from November 1 this 12 months.
The Governor additionally lifted ban on annual wage increment effected 8 years in the past and lifted embargo on promotion and conversion with speedy impact.
Addressing labour unions within the state, Governor Oyetola stated the approval for the minimal wage would enhance the state wage invoice by N750million, however added that his administration has launched measures, which embody fiscal self-discipline and inventive innovation, to fulfill the problem posed by the increment.
A duplicate of the settlement reached between authorities and labour unions, a duplicate which was obtained by Vanguard, confirmed that employees on GL 01-06 would get the brand new enacted minimal wage as authorized by the Nationwide Minimal Wage Act of 2019.
It reads additional, “that the consequential adjustment/enhance of GL. 07 and above must be 5% of primary wage which is topic to upward evaluate as economic system of the State improves;
“That Medical and Well being employees’ consequential adjustment shall be based mostly on 2% of primary part of their consolidated wage which is topic to evaluate because the economic system of the State improves;
“That officers who benefited from the final promotion train ought to get pleasure from monetary implication of 1 out of the a number of promotions earned, whereas monetary implication of different promotions must be efficient throughout the subsequent one 12 months”.
In the meantime Governor Oyetola whereas asserting the approval of the brand new wage stated he took the daring step to fulfil his promise on prioritising welfare of employees regardless of stringent financial situation within the state.
“In our resolve to ship welfare to our employees to enhance their effectivity, we arrange the Authorities/Labour Committee to work out the modalities for resolving all employees’ welfare-related points, together with the minimal wage.
“The Committee has submitted its report and after an exhaustive perusal of the suggestions, I’m happy to announce to you as follows:
“Minimal wage implementation with promotion will start within the State of Osun efficient November 1, 2020. The ban on Annual Wage Increment which was performed in 2012 is lifted and embargo on promotions and conversions can be lifted with speedy impact”, he stated.