Many companies including Reliance Industries are reversing the salary/increment cuts given to their employees with retrospective effect.This resersal is going to be effected before festival season presumably Diwali and X'mas...that is a very positive news. Does it mean that companies are recovering before they anticipated and that will put some money in the hands of consumers and above all it will bring back the confidence of continuation of jobs and benefits....
Many companies including Reliance Industries are reversing the salary/increment cuts given to their employees with retrospective effect.This resersal is going to be effected before festival season presumably Diwali and X'mas...that is a very positive news. Does it mean that companies are recovering before they anticipated and that will put some money in the hands of consumers and above all it will bring back the confidence of continuation of jobs and benefits....
Not all employer will reverse salary cuts, as its already considered “profit” in last quarter.
Plus they know job market is in bad shape and employees are not going to leave so soon...