Salary, wage expenses growing faster than revenues for India Inc

Quick Summary:

These companies’ salary and wage expenses were equivalent to 15.8 per cent of their net sales in the first half of FY25, up from 11.3 per cent in FY12 and 14.7 per cent in FY19.

Information-technology services companies, which are the single-biggest employer in the corporate sector, have seen faster growth in their employee costs than their net sales.

With salary expenses of Rs 4.24 trillion in FY24, the sector accounted for 32 per cent of all the employee expenses of all listed companies in our sample.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Wage Earners India Inc Salary Indian companies Wages

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 00:48:47 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 827 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 207 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24289824

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 175 posts per day

Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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