For instance, Pune-based engineering services firm Forbes Marshall has fully rolled back pay cuts and restored salaries to pre-covid levels. In the ed-tech space, startups Upgrad and Toppr have restored pay. Industry experts said many companies have decided to restore salaries even though uncertainty and economic headwinds remain. He said companies are, however, issuing employee stock options and converting bonuses into long-term retention plans. In cases where pay cuts have not been fully restored, it would be done so in the coming months, said HR experts, advising these companies.

Source: Mint October 09, 2020 00:33 UTC