The days of crazy IT salary increases are slowing down as companies tighten their negotiation bandwidth and set fixed budgets for specific roles amid rising margin pressures.
It was finally after none of us participated in the mock e-auction last week when they came to senses and agreed to the demands,” the person told ET.Initially, when ICC issued an invitation to tender, it had not kept any reserve price and was inviting closed bids from bidders. The governing body was looking at the last week of August for submission of bids and the first week of September to review them and formulate recommendations to the board for final approval.
Out of the total 1.83 million net subscribers added during the month, around 1.05 million new members have been enrolled under the social security cover of the Employees’ Provident Funds & Miscellaneous Provisions (EPF & MP) Act, 1952, for the first time, it said. About 780,000 net subscribers exited but re-joined the EPFO by transferring their accumulations from previous accounts to current ones, instead seeking final withdrawals.
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