Employees are noticing a dip in take-home salaries due to new labour codes impacting salary structures. Increased Provident Fund and gratuity contributions, now based on a higher basic salary component, are the primary reasons. Companies are issuing explanations, with some, like SAP India, implementing measures to offset the reduced monthly pay and stabilize employee compensation.
Employees are noticing a dip in take-home salaries due to new labour codes impacting salary structures. Increased Provident Fund and gratuity contributions, now based on a higher basic salary component, are the primary reasons. Companies are issuing explanations, with some, like SAP India, implementing measures to offset the reduced monthly pay and stabilize employee compensation.