Dear All,
Good News
All companies need to give minimum of 20% salary increment to all
employees every six months as per latest bill passed. Finance minister
P. Chidambaram has approved and it comes to immediate effect From 1st
April 2008, this is after the financial period march month. This Comes
as a relief to petitioners appealing against the growing work Hours in
the Indian industry without a proper system to check overtime.
The bill also mentions that all employees be provided 20 days of casual
Leave every year.
Please see the attached document for more details...
Good News
All companies need to give minimum of 20% salary increment to all
employees every six months as per latest bill passed. Finance minister
P. Chidambaram has approved and it comes to immediate effect From 1st
April 2008, this is after the financial period march month. This Comes
as a relief to petitioners appealing against the growing work Hours in
the Indian industry without a proper system to check overtime.
The bill also mentions that all employees be provided 20 days of casual
Leave every year.
Please see the attached document for more details...
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