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Minimum wages announce by ministry of Labor and Employment 2018 & Wages Impact on Garments sectors

Minimum wages announced by ministry of Labor and Employment Date 10-11-2018 is BDT 8000. The Wages Impact on Garment sectors is so difficult to meet on existing revenue. If the buyer will not adjusted his existing price with upcoming increased minimum wages BDT 8000. Than lots of small garment will not continuous his operation. The minimum wages BDT eight thousand wages impact calculation are as follows-.

FINAL Gzgette>>>>Minimum Wage Gazette-2018 25 Nov, 2019

If you want to read details minimum wages announce by govt, Minimum Wages Gazzet-2018 for RMG

and below calculation is for your easy reference for the impact the existing Garments

Designation Pattern Master Mechanic
Electrician
Sr.Cutter Man
Sr. Operator
Sr. QC
Sr.Packing Man
Sr. Iron man
Cutter Man
Operator
QC
Folding Man
Packing Man
Iron Man
Jr. Operator
Jr. Iron Man
Gen. Operator Helper
Minimum Wages-2013 Minimum Wages- 2013
                13,000         10,900                    6,805                    6,420                  6,042                  5,678                    5,300
 Grade  Grade-1  Grade-2  Grade-3  Grade-4  Grade-5  Grade-6  Grade-7  Grand Total
 No of Employees (1)                        200                        350                     100                        50                        250                    950
 Average of Gross (2)                    8,259                    7,474                  7,262                  6,545                    5,789                 7,066
 Sum of Gross Ext Wages (3=1*3)            1,651,791            2,616,021             726,236             327,238            1,447,234         6,768,520
 Max of Gross                  17,795                  13,600                12,000                  6,900                    7,138              17,795
 Min of Gross                    7,000                    6,420                  6,400                  6,000                    5,300                 5,300
 Min Wage 2013                 13,000         10,900                    6,805                    6,420                  6,042                  5,678                    5,300
 Grade to Grade % 19.27% 60.18% 6.00% 6.26% 6.41% 7.13% 0%
 Announced by Govt. SRO                17,504        14,621                   9,578                   9,245                 8,855                 8,399                   8,000  Total Impact Max. impact but not less than 15%
 Grade % Variation
(New-Ext)/Ext
34.65% 34.14% 40.75% 44.00% 46.56% 47.92% 50.94%
 Impact                         –                 –           2,324,886           3,767,152         1,064,353            484,057           2,184,504        9,824,952 45.16%

Minimum wages announce by ministry of Labor and Employment 2018

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