Birla Institute of Management Technology HR Executive Interview Questions and Answers

Minimum wages vary by state and are set by state governments to ensure fair compensation for workers.

• Minimum wages are determined by each state government and can vary significantly across states.

• Some states have higher minimum wages than the federal minimum wage of $7.25 per hour.

• For example, as of 2021, the minimum wage in California is $14 per hour, while in Texas it is $7.25 per hour.

• States may also have different ...read more

Gratuity is calculated as a percentage of the employee's last drawn salary for each year of service completed.

• Gratuity = (Last drawn salary * 15 days * Number of years of service) / 26

• Last drawn salary includes basic salary and dearness allowance

• Number of years of service is rounded off to the nearest whole number