The new labour codes have increased PF and gratuity liabilities for companies, triggering concerns over weaker salary hikes this appraisal season. While total CTC growth may not fall sharply, ...

The most notable feature of the Codes is the introduction of a uniform definition of “wages,” which forms the basis for calculating social security and related benefits such as Provident Fund (PF), ...

Companies are expected to continue salary hikes despite higher costs from new labour codes, but sectors like IT may see slightly lower increments due to margin pressure ...