Salary / Compensation

The wage math: PF contributions may go up, dent take-home pay under new labour code

The new Code on Wages mandates basic salary to be at least 50% of total CTC, increasing provident fund and gratuity contributions. While this enhances retirement savings, it may reduce employees' take-home salaries as employers adjust allowances. This change aims to prevent companies from minimising retirement fund contributions.

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Sequoia-backed fintech Aspora will let Indian diaspora pay bills back home

The startup said that until now, users had to either transfer the money to their Indian accounts or ask someone to handle the bills for them. The other option for them was to use their foreign cards and try and pay bills while facing high charges and payment failures.

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Indian GenZ prioritising pay, flexibility, purpose over traditional long-term jobs: Survey

Indian GenZ is redefining workplace priorities, valuing pay, flexibility, and purpose over traditional long-term employment. They seek blended career paths, balancing stability with entrepreneurial freedom, and are motivated by better pay and flexible hours. Organizations must adapt by investing in growth, fostering inclusive cultures, and offering flexible policies to attract and retain this ambitious generation.

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NIT-Hamirpur student gets annual package of Rs 3.40 crore

A student from NIT Hamirpur, Aryan Mittal, has achieved a record placement package of Rs 3.40 crore. This is the highest annual package secured by any student from the institute to date. Two female students in the Electronics stream also received substantial packages of Rs 1.68 crore each.

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IIM Ahmedabad 2025 PGP placements: BFSI offers highest package at Rs 1.1 crore

IIM Ahmedabad's 2025 PGP placement season saw BFSI as the highest-paying sector, with a maximum earning potential of Rs 1.1 crore. Consulting remained the top choice for students, though its participation decreased, while BFSI saw increased interest. The mean MEP rose to Rs 35.2 lakh, with top sectors accounting for 80% of recruitments.

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Bajaj Finance MD Rajeev Jain best paid NBFC top exec in FY25

Rajeev Jain, Bajaj Finance Managing Director, emerged as the highest-paid NBFC CEO in FY25. His total package exceeded Rs 65 crore, with ESOPs adding Rs 40 crore. Arvind Kapil of Poonawalla Fincorp was the second-highest paid. Sashidhar Jagdishan of HDFC Bank was India's highest-paid banker, drawing over Rs 12 crore.

Salary / Compensation

The appraisal-linked learning economy: Why employees who learn earn more

Upskilling has become essential for career growth, with professionals who invest in learning programs experiencing significantly higher appraisal increments. The skills gap, affecting both technical and soft skills, poses a challenge to business transformation. Continuous learning is crucial for staying relevant, unlocking opportunities, and securing a place in the evolving economy, benefiting both individuals and organizations.