India Inc. Reconfigures Compensation Structures Amidst Evolving Labour Codes
Shifting Compensation Strategies As India prepares for the phased implementation of new labour codes, major corporations across the country are aggressively restructuring salary packages to mitigate rising statutory payroll costs. By recalibrating the ratio of basic wages to allowances, companies aim to protect employee take-home pay while simultaneously managing the increased employer contribution requirements mandated…
