| Overall Rating | Gold |
|---|---|
| Overall Score | 65.17 |
| Liaison | Abhinaya Ganesh |
| Submission Date | Nov. 21, 2024 |
Sri Sivasubramaniya Nadar College of Engineering
PA-13: Pay Equity and Living Wage
| Status | Score | Responsible Party |
|---|---|---|
|
3.00 / 4.00 |
13.1 Internal pay equity assessment
Description of the methodologies used to assess internal pay equity:
Are the pay equity assessment(s) inclusive of both academic and non-academic staff?:
Do the pay equity assessment(s) explicitly address pay equity by gender identity?:
Do the pay equity assessment(s) explicitly address internal pay equity by racial, ethnic, and/or Indigenous identity?:
Does the institution publish the results of its internal pay equity assessments?:
Published results of the institution’s most recently finalized internal pay equity assessment:
Online resource where the results of the institution’s internal pay equity assessments are available:
The Reporting Tool will automatically calculate the following figure:
13.2 Percentage of employees that receive a living wage
Narrative and/or website URL detailing the institution’s living wage accreditation:
Provide wage figures in the institution’s local currency and expressed as hourly rates.
Performance year for living wage:
Living wage:
Standard or methodology used to determine the living wage:
STANDARD:
'Our Institution is afiliated to Anna University and follows the same path in paying the employees.
'Our institution not only ensures that no individual is paid below the minimum wage but also abides by a compensation structure that travels on a little higher side than the UGC (University Grants Commission) mentioned compensation. India's living wage, which encompasses the cost of living for a predefined food basket, housing, transportation, and a margin for unexpected expenses, has averaged around 10,200 INR per month from 2015 to 2018. In 2018, it reached an all-time high of 10,300 INR per month, while in 2017, it was at a record low of 10,100 INR per month. At our institution,
we prioritize fair compensation that not only meets but also exceeds these standards, reflecting our commitment to valuing and supporting our employees' well- being.
Wage floor for regular/permanent employees:
Wage floor for short-term/casual academic staff:
Wage floor for short-term/casual non-academic staff:
Percentage of employees that receive remuneration equivalent to at least a living wage:
Narrative outlining the forms of remuneration included in the living wage calculations:
Our Compensation Approach:
As of April 2023, the minimum wage in Tamil Nadu varies depending on the job category and zone (A, B, C, or D). For instance, the minimum daily wage in Chennai (likely Zone A) is ₹409.04.
We are proud to say that our institute's compensation structure surpasses these minimum requirements for all our workers & employees. Benefits of Our Approach: By exceeding minimum wage requirements and incorporating Fair Trade Agreements (FTA), we aim to:
- Attract and retain top talent.
- Boost employee morale and productivity.
- Contribute to a more equitable and sustainable work environment.
We believe that investing in our workforce is an investment in our institute's future. We are dedicated to providing fair compensation that allows our employees to thrive both personally and professionally.
Has the institution made a formal commitment to pay a living wage?:
Narrative and/or website URL detailing the institution’s formal commitment to pay a living wage:
NARRATIVE:
At our institute, we are proud to uphold fair labor practices and ensure that no individual is paid below the minimum wage. We firmly adhere to legal regulations and ethical standards, guaranteeing that every employee receives compensation that meets or exceeds the established minimum wage requirements. This commitment underscores our dedication to equitable treatment and the well-being of our workforce, fostering a supportive and inclusive environment where everyone can thrive.
The Reporting Tool will automatically calculate the following figure:
13.3 Percentage of significant contractors that pay a collectively determined or living wage
Documentation affirming that the institution has no significant contractors:
Total number of significant contractors:
Number of significant contractors known to pay a collectively determined or living wage:
Description of the methodology used to determine which significant contractors pay a collectively determined or living wage:
The Reporting Tool will automatically calculate the following two figures:
Points earned for indicator PA 13.3:
Optional documentation
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CoverageThe scheme covers employees against sickness, maternity, disablement, and death from employment injuries
Additional documentation for this credit:
The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution or simply email your inquiry to stars@aashe.org.