Remote work pay cuts send the wrong message
Commuters might deserve a bonus, given the extra time and expense. But employers should be upfront about their policies
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Commuters might deserve a bonus, given the extra time and expense. But employers should be upfront about their policies
Additionally, while prices have risen, nominal wage growth kept pace with inflation, allowing real wages to grow marginally in 2022 (0.4%).
Rishad Premji voluntarily reduced his salary by 50 per cent for the fiscal year which ended in March 2023 in the wake of the company's poor net performance. He earned Rs 7.87 crore in total annual income, about 50 per cent ($867,669 or Rs 7.18 crore) less than he did the year before
Years of budget cuts have left students and staff facing deplorable conditions.
The new contract for public sector workers means a further reduction in real wages, which had already been massively reduced during the pandemic.