Performance Linked Pay News Today

The wage revision for employees and officers of the public sector banks will be effective from November 1, 2022.

Synopsis Companies in ecommerce and logistics are reducing their fixed costs by not hiking salaries and, instead, giving out bigger performance-linked incentives, according to recruitment firms such as Betterplace, Waah Jobs, TeamLease and ManpowerGroup. Agencies The performance-linked model reduces risk in the event of an economic downturn. At the same time, workers can make more money when they perform well and when the company makes money. Wages for blue-collar workers have largely stayed wh...