For employers, the reform means more disciplined salary design and tighter governance. Compensation structures that previously leaned heavily on allowances now require rebalancing. Finance leaders ...

Ever since the new labour codes were notified in November, a lot of employees have been thinking that their take-home salary will reduce once the basic salary increases to 50% of CTC and allowances ...

Amid widespread speculation and concern among employees, the Ministry of Labour and Employment has officially clarified that the implementation of the new Labour Codes will not lead to any reduction ...