New labour codes to keep salary hikes stable; IT sector margins tested
New labour codes to keep salary hikes stable; IT sector margins tested
Despite increased wage bills from new labour codes, most companies won't slash salary hikes. However, some sectors, particularly IT, may see moderated increments. Experts suggest companies are absorbing costs or budgeting separately, with overall salary growth driven by demand and skills, not just compliance. This shift prompts a long-term rethink of workforce and compensation strategies.
Despite increased wage bills from new labour codes, most companies won't slash salary hikes. However, some sectors, particularly IT, may see moderated increments. Experts suggest companies are absorbing costs or budgeting separately, with overall salary growth driven by demand and skills, not just compliance. This shift prompts a long-term rethink of workforce and compensation strategies.
Despite increased wage bills from new labour codes, most companies won't slash salary hikes. However, some sectors, particularly IT, may see moderated increments. Experts suggest companies are absorbing costs or budgeting separately, with overall salary growth driven by demand and skills, not just compliance. This shift prompts a long-term rethink of workforce and compensation strategies. 
