Wages

Efforts to help industry, especially MSMEs to achieve scale and thereby ensuring better wages is key since the capacity to spend is intrinsically tied to growth in income that has been tepid, particularly in urban India.

Growth did not trickle down to wages in informal manufacturing

Informal manufacturing witnessed employee compensation decline in FY24, even as wages in private manufacturing corporations witnessed double digit growth

Moderation in wages and employment despite robust corporate profit a 'serious concern': Economic Survey

According to the survey, corporate profitability soared to a 15-year peak in FY24, fuelled by robust growth in financials, energy, and automobiles.

Pay commissions have had their impact on finances with double-digit growth in wage bill

Pay commissions have seen a rising difference between between maximum and minimum pay. While the difference had declined to 10.2 times by the fifth pay commission, it had increased to 11.4 times by the sixth pay commission and 12.5 times by the seventh pay commission

Wage growth slowest in five years: MC Analysis

While the Indian economy grew at 9.7 percent in nominal terms in the first quarter of FY25, wages of regular wage/salaried earners increased 5.3 percent, compared with 7.8 percent in the first quarter of FY24

Earnings disparity among states highest for agricultural workers in rural areas

In the case of agricultural work, the gap between states paying the lowest and highest amount per day was still 3.3 times in 2023-24, slightly lower than 3.8 times in 2014-15

Kerala tops the states in rural worker wages; poorer states close the gap with rich ones

The average daily wage of a rural worker in Kerala at over Rs 700 was thrice that of Madhya Pradesh, the state that paid the least

Jharkhand's organised manufacturing workers earned 1.5 times higher than national average in 2022-23: MC Analysis

Further analysis shows that workers in Jharkhand and Bihar were also better off when it comes to real wages

US economy cranks out jobs at brisk clip in December; wages increase

U.S. employers exceed December hiring expectations, coupled with solid wage growth, challenging market expectations of an imminent Federal Reserve interest rate cut in March.

Workers at Amazon logistics centre in Spain plan 3-day strike over wages

Around 160 workers at the Trapagaran centre in the Basque country, on the border between France and Spain, plan to strike on Jan. 3, 4 and 5 to demand higher wages, said LAB union leader Gotzon Mardarats, who represents most of the workers.

Weekly Numerics | Corporate profits surge, yet wages stagnate; snacking woes, and content takedown requests surge

Although corporate profits reached record highs, wage growth has stagnated. Meanwhile, 76 percent of the revenue of India’s top packaged food companies came from selling unhealthy products

Tamil Nadu Assembly passes Bill to allow 12-hour shifts for factory workers

Workers in the state will have the option to work for four days in a week with three days' paid leave, and total weekly working hours will remain unchanged, said Industries Minister Thangam Thennarasu. This will benefit women workers, the minister said while adding that action will be taken against factories that force employees to work against their wishes.

Where’s my waiter? UK restaurants scramble for staff after Brexit

While the city’s once-thriving dining scene has also been hurt by the coronavirus pandemic and soaring energy prices, the labor shortage is almost wholly a result of Brexit — a conspicuous example of how Britain’s departure from the European Union is reshaping its economy.

Government should scrap retrospective clause on gratuity payments in labour codes

The definition of wages in the labour codes, on the basis of which gratuity and leave encashment are paid, is wider than what companies have considered while providing for them in their books of accounts.

The Code on Wages and how it will impact an employee's retirement fund

Provident fund contribution for employees whose basic wage is over Rs 15,000 could remain unchanged, say experts

Wages rise in US as companies scramble for staff

The disruption of Covid-19 has led to record job openings, but also millions of unemployed workers, some of whom dropped out of the labor force to stay home to take care of children.

States slash spending on material to increase income for poor under MGNREGA

In several labour-rich states, more than 80 percent of the scheme's funds have been used for wage payments; UP, Rajasthan, expenditure on material has been nil; Act provides for the wage and material costs to be in the proportion of 60:40

Labour Ministry revises minimum wages of central sphere workers

The new rate will be effective retrospectively from April 1 and is expected to benefit 1.50 crore workers.

LIC employees get 16% wage hike, 5-day-work week, other benefits: Report

Apart from revised wage, other benefits for LIC employees include the approval for five-day work week, with immediate effect.

Code on Social Security 2020 to offer benefits to workers but reduce cash in hand

The Code on Social Security, 2020 has widened the coverage of social security benefits to the workers in the unorganised sector namely the contract workers, gig workers, platform workers and migrant workers.

The Code on Social Security, 2020: How it impacts wages and benefits of employees

The new code has new rules for contribution to social security and payment of employee benefits, including retirement benefits

Coal India's arm Mahanadi Coalfields terms workers strike illegal, to deduct 8-days of wages

Coal workers affiliated to five trade unions had gone on strike from July 2-4.

India Wage Report: Do casual workers earn more in economically-advanced states?

International Labour Organisations India Wage Report 2018 found that in urban area, among India’s ‘economically developed states’ Haryana was the stand out with a high average wage against per capita income

Govt sets up 20 control rooms to address wage-related issues, migrant workers' plight amid lockdown

The Labour Ministry on Tuesday said it has set up 20 control rooms on pan-India basis to address wage-related grievances and to mitigate problems faced by migrant workers.

Coronavirus pandemic | Canadian lawmakers approve vast economic aid program

Parliament is suspended but held an exceptional session in the middle of Easter weekend to adopt the USD 52 billion program, which aims to pay companies 75 per cent of their employees' salaries to avoid massive layoffs.