IF wages must be cut, the National Wages Council (NWC) is recommending that the Monthly Variable Component (MVC) be adjusted downwards, the extent of which hinges on the company's situation and any ...

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My gross salary is made up of Basic pay & Monthly Variable Component(MVC). MVC could be adjusted by employer when economy is bad. Basic pay is <$5K but if include MVC is >$5k. Is the income ceiling ...