India’s New Wage Framework: A Quiet Reform With Big Consequences for Salaried Workers
Bhubaneswar: India’s revised national wage framework—now mandating that basic pay must constitute at least 50% of total wages—may not change how much employers spend on their workforce, but it significantly reshapes how employees receive their salaries. The new structure does not increase corporate costs; instead, it redistributes the components of employee compensation, shifting the balance…