Will Pay Cut Reversals Spur Demand? | India Development Debate

Reliance Industries has rolled back salary cuts with retrospective effect. Salaries for more than 3.5 lakh employees restored. Has offered bonus in festive cheer to large workforce. Also offered advance 30% of the variable pay from next year's salary to employees. I.T leaders Infosys, TCS, Wipro announce salary hikes, Tech Mahindra, HCL Tech & MindTree also announce salary hikes. Top 5 I.T cos collectively employ >1 million or 25 per cent of total workforce. I.T jobs hiring will increase in the second part of the financial year. There will be an addition of over 14,000 I.T jobs in the next quarter. OLA, Uber looking to hire engineers.
Catch the full debate on the return of ‘Achche Din’ to the corporate sector with Tamanna Inamdar, Rituparna Chakraborty - Executive Vice President and Co-Founder, Teamlease & Nitin Sethi, CEO- Performance & Rewards, Aon India.