New labour codes to affect employees' in-hand salary, companies wage bill
New labour codes to affect employees' in-hand salary, companies wage bill While the new definition of wages will increase the social security component of compensation packages, it could also mean lesser take-home salary for employees BusinessToday.In | February 15, 2021 | Updated 15:26 IST Rules for new labour codes to be notified soon The central government is set to notify the rules under new labour codes, which will have an impact on employees' cost to company (CTC) as well as employers' wage bills. Employers will have to modify the employee compensations once the extensive labour reform...
Source: origin-businesstoday.intoday.in