Private sector pay hike from this month – Labour Minister

By Dasun Edirisinghe

A salary hike for private sector employees made after 10 years would be paid with this month’s salary, Minister of Labour and Trade Union Relations W.D.J. Seneviratne said yesterday.

He said the UPFA government had in 2005 increased the salaries of private sector employees by Rs. 1,000 after passing a Special Act in Parliament.

Minister Seneviratne was addressing the Young Entrepreneurs Chamber’s monthly meeting at Colombo Hilton. Young entrepreneurs of the country were briefed on the budgetary relief allowance act by Minister Seneviratne and answered questions regarding it.

The minister said the government had introduced the budget relief allowance for private sector employees as public servants had got salary hikes though the largest portion of the country’s work force was represented by the private sector.

Seneviratne said employees’ happiness would help to increase the productivity of a company.

“We introduced this system not to cause problems for company owners, but to give relief to workers and help enhance their productivity.”

According to him, companies which increased the salaries of their employees from Oct. 01, 2014 to April 30, 2015 could pay the balance up to Rs. 2,500. Companies had been given time to pay arrears and the ones incurring losses a grace period, the minister said.

Young entrepreneurs who attended the meeting were led by its chairman Kasun Rajapaksa.


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