Wages in state-owned enterprises will be adjusted in the direction of being linked to labor productivity, production and business efficiency and ensuring proximity to the market wage level.
The Ministry of Labor, War Invalids and Social Affairs has proposed that the basic salary of key leaders in State-owned corporations and groups will be divided into 8 levels. Of which, the Chairman of the Board of Members will have the highest basic salary of 80 million VND/month and the lowest of 32 million VND/month. The Head of the Supervisory Board will have the highest salary of 66 million VND/month and the lowest of 26 million VND/month. Members of the Board of Members, Board of Directors, and Supervisors will have the highest basic salary of 66 million VND/month and the lowest of 25 million VND/month.
With the contents that the Ministry of Labor, War Invalids and Social Affairs has just submitted to the Government in the draft Decree regulating labor management, wages, remuneration and bonuses in State-owned enterprises, it is proposed that wages in this sector must be linked to labor productivity and production and business efficiency, aiming to ensure market level.
Approaching the market salary level
The basic salary level will be the basis for calculating the planned salary level and is regulated in connection with three indicators: capital, revenue, and profit divided by industry and field, and not based on ranking as currently regulated.
Thus, if the enterprise has a profit and a higher return on capital than the previous year, the maximum planned salary is twice the basic salary, meaning the maximum salary of the chairman of the board of members is 160 million VND/month.
Regarding salaries and bonuses of employees and executives, the Ministry of Labor, War Invalids and Social Affairs proposes that the State only stipulates principles and assigns enterprises to determine and pay according to the enterprise's regulations.
Enterprises that exceed their planned targets will be given a maximum of two months' salary to their salary fund to encourage them to improve their efficiency. Enterprises will be given additional salaries for specialized workers and highly skilled workers in key areas.
For the executive board, the expected salary and bonus are calculated in the salary and bonus fund for employees and assigned to the Board of Members to evaluate and decide on the specific salary level according to the level of completion of the production and business plan.
Source: VNA
Source: https://phunuvietnam.vn/lanh-dao-doanh-nghiep-nha-nuoc-co-the-nhan-luong-co-ban-80-trieu-dong-thang-20240925145301366.htm
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