After the Outbreak of Coronavirus, there have been many changes in the society. One of them is Work from Home. Due to this work from home, there can be a change in salary slip may change. Changes can be seen in the policy of sexual harassment, holidays, convention allowance, according to the work of office, because now people are working from home.
What will be missing from salary slip?
News is coming that sectors like IT sector, banking, FMCG, consultancy, automobile, manufacturing can bring new salary slips. Anshul Prakash, partner at Khaitan & Co, a specialist in Employment and Labor Law, said companies have plans to formulate a new policy on behalf of HR. He also informed that now components like travel and convenience allowance, oil and driver's allowance, vehicle maintenance charge can be removed from the salary slip. This can happen because people are not traveling and working from home.
Why are companies doing this?
A top law firm has stated that the companies' focus is on saving money and optimizing operation costs. Richa Mohanty Rao, partner at Cyril Amarchand Mangaldas, says that many companies are looking at eliminating old and traditional allowance such as convenience allowance and looking for new types of allowance in work from home.
What will be included in new salary slip?
The new salary slip can include allowance for high speed internet. It may also include home office furniture, laptops, printers, mental and physical health apps, etc. If the crutch is off, then the salary slip may also include expenses for domestic help.
Will CTC change?
Suresh Tripathi, vice president, HR, Tata Steel, says that we are not changing CTC, just thinking of restructuring salary slip. Supratik Bhattacharya, Chief Tension Officer of RPG Group, says that in the new salary slip, we will take full care that there is no tax on the employees.
Like and Follow us on :
