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New Minimum Wage: The Imperative Of Consequential Salary Adjustment, Ensuring Organizational Equity

By: Abdulsalam Abiola

Victor Okebunmi by Victor Okebunmi
September 26, 2024
in Featured, Opinions
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New Minimum Wage: The Imperative Of Consequential Salary Adjustment, Ensuring Organizational Equity
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The recent minimum wage increase necessitates immediate consequential salary adjustments to maintain organizational structure and equity. Failure to implement these adjustments will create an unsustainable anomaly, where junior staff earn salaries comparable to their supervisors.

Regrettably, the current disparity is stark. Employees on the lowest grade in the civil service and corps members will now receive higher remuneration than graduates in some private establishments in Nigeria. This stark contrast underscores the need for a comprehensive approach to salary adjustments.

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The pivotal question remains: how can we effect consequential salary adjustments that transcend both public and private sectors, ensuring fairness and consistency across the board?

 

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