The Minimum Wages Act is a labor law that mandates the minimum wage employers must pay to workers to ensure fair compensation and prevent exploitation. This act applies to industries like manufacturing, retail, logistics, e-commerce, and facility management services (FMS) and covers various workforce types, including contract workers, gig employees, apprentices, and blue-collar workforce. It sets wage standards based on skill level, industry type, and regional economic conditions, ensuring livable earnings and legal compliance.

For businesses, adhering to the Minimum Wages Act is crucial for avoiding penalties, ensuring fair labor practices, and maintaining workforce stability. By integrating compliance management systems, companies can track wage revisions, automate payroll adjustments, and uphold transparency. A well-implemented minimum wage policy fosters employee trust, reduces disputes, and enhances overall organizational reputation.