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Latest insights on Human Resource and Workforce related topics in India and articles from HR thought leaders at Aon.

India Inc figures out new salary structures to meet labour codes

23 Feb 2021 by  Business Standard

Corporate India is taking a fresh look at compensation structures following a change in the definition of “wages” under the new labour codes that come into effect on April 1.

Faced with potentially higher compensation pay-outs and implementation challenges, several companies are evaluating different permutations and combinations of salary structures to mitigate the impact on their financials and on their employees. 

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Business Standard