Mibfa Main Agreement 2020
The MIBFA Main Agreement 2020: What You Need to Know
The Metal and Engineering Industries Bargaining Council (MEIBC) has recently released the latest version of the Main Agreement, which governs the terms and conditions of employment for workers in the metal and engineering industries in South Africa.
The Main Agreement, which is negotiated every three years between employer associations and trade unions, sets the minimum wage rates, working hours, overtime pay, and other employment-related matters for over 340,000 workers in the industry.
So, what changes have been made in the 2020 version of the Main Agreement?
Wage Increases
The Main Agreement includes a wage adjustment of 5.5% in the first year, 5.25% in the second year, and 5.5% in the third year for all employees who are covered by the agreement. This wage increase is higher than the rate of inflation, which means that workers will receive a real increase in their wages.
Working Hours
Under the Main Agreement, the standard working hours for non-shift workers will remain at 45 hours per week for the duration of the agreement. However, the agreement also allows for flexible working arrangements, such as compressed workweeks, that can be negotiated between employers and employees.
Overtime Pay
The Main Agreement includes a new provision for overtime pay. Overtime will be calculated on a daily, rather than weekly, basis. This means that employees who work more than their daily hours will be entitled to overtime pay for those hours. The overtime rate has also increased from 1.25 times to 1.5 times the normal rate of pay.
Leave Entitlements
The Main Agreement provides for the following leave entitlements for workers:
- Annual leave: 21 consecutive days
- Family responsibility leave: 5 days per year
- Sick leave: 30 days over a 3-year cycle
- Maternity leave: 4 consecutive months
- Paternity leave: 10 consecutive days
Conclusion
The MIBFA Main Agreement 2020 brings some positive changes for workers in the metal and engineering industries. The wage increase, new provision for overtime pay, and leave entitlements are all important improvements that will benefit workers and their families.
Employers and employees should take the time to familiarize themselves with the new provisions in the agreement to ensure that they are compliant with the regulations. The MEIBC is responsible for enforcing the Main Agreement and has the power to take legal action against employers who fail to comply.
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Outline Agreement Mm
Outline Agreement MM: Understanding the Basics
The Outline Agreement MM (Materials Management) is a purchasing document that outlines the agreement between a buyer and a vendor regarding the supply of goods or services. This agreement is a legally binding contract that establishes the terms and conditions that the parties agree upon. As a professional, it is important to understand the basics of the Outline Agreement MM and how it affects the purchasing process.
What is an Outline Agreement MM?
An Outline Agreement MM is a purchasing document that outlines the terms and conditions of the agreement between the buyer and vendor. This agreement is typically used to establish a long-term relationship between the two parties for the supply of goods or services. The agreement specifies the quantity, price, delivery schedule, and payment terms of the goods or services being supplied. Outline Agreements MM can be established for a variety of different materials or services, including raw materials, finished goods, maintenance and repair services, and professional services.
Why Use an Outline Agreement MM?
An Outline Agreement MM provides several benefits for both the buyer and vendor. For the buyer, the agreement ensures a consistent supply of goods or services at a predetermined price and delivery schedule. This allows the buyer to plan their production and manage their inventory more efficiently. For the vendor, the agreement provides a stable and predictable source of revenue over a longer period of time, which can help them plan their production and allocate resources more effectively. Additionally, Outline Agreements MM can help reduce the costs associated with the negotiation and establishment of new contracts for each individual purchase.
Types of Outline Agreements MM
There are several different types of Outline Agreements MM, including:
- Quantity-based Outline Agreement: This type of agreement establishes a specific quantity of goods or services to be delivered over a set period of time.
- Value-based Outline Agreement: This type of agreement establishes a dollar value for the goods or services being supplied over a set period of time.
- Time-based Outline Agreement: This type of agreement establishes a specific time period during which the goods or services will be supplied.
- Blanket Purchase Order: This type of agreement establishes a predetermined price for a specific type of good or service, but does not specify the quantity or delivery schedule.
Conclusion
In conclusion, the Outline Agreement MM is an important purchasing document that establishes the terms and conditions for the supply of goods or services between a buyer and vendor. The agreement provides several benefits for both parties, including a stable and predictable source of revenue and reduced costs associated with contract negotiation. Understanding the basics of the Outline Agreement MM is essential for anyone involved in the purchasing process and can help ensure a smooth and efficient supply chain.