The Cabinet approved the Employment Linked Incentive (ELI) under the Union Budget. Valid August 2025–July 2027, it promises ₹8,000–12,000 per new job for 19.2 million first-time entrants. The initiative ties into Startup India and aims at skill-to-job pathways. HR functions must align payroll, job-code reporting, and headcount systems to extract benefits while maintaining contractual clarity. It also sets benchmarking expectations for hiring and retention strategies.
What internal controls are necessary to validate job creation under ELI frameworks?
How can HR ensure scheme benefits are claimed without distorting hiring dynamics?
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4What internal controls are necessary to validate job creation under ELI frameworks?
How can HR ensure scheme benefits are claimed without distorting hiring dynamics?
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