LIC employees to receive wage hike, 5-day working week
Shreekant Mishra, General Secretary, All India Insurance Employees Association (AIIEA) said that the hike is expected to be 25 per cent per month. Not only that, LIC staff will also, now, work five days in a week
BusinessToday.In | April 16, 2021 | Updated 13:06 IST
The government has reportedly finalised a wage hike for all LIC employees. Not only that, LIC staff will also, now, work five days in a week. This decision comes after a bilateral agreement between bank unions and Indian Banks Association.
Reports suggest that the hike could be up to 15-16 per cent, while some suggested 20 per cent hike. As many as 1.14 lakh employees of the insurance giant will benefit from the raise. Meanwhile, Shreekant Mishra, General Secretary, All India Insurance Employees Association (AIIEA) told news agency IANS that the hike is expected to be 25 per cent per month. He added that a loading of 15 per cent has been given after 100 per cen
Good news! LIC employees to get over 25% salary hike, 5-day work week - Check details here - The Central government on Thursday (April 15) notified the revised pay packets for LIC employees.
Around 1.14 lakh LIC employees to get over 25% hike in their salaries
IANSApr 16, 2021, 09:27 IST
IANS
Life Insurance Corporation of India (
LIC) on a happy note with over 25 per cent hike in their
pay packets, said a top union leader.
The Central government on Thursday notified the revised pay packets for
LIC employees.
Advertisement The employees are happy with the wage revision that has come at a difficult situation. The pay hike for the employees is expected to be over 25 per cent per month,
Shreekant Mishra, General Secretary,
All India Insurance Employees Association (AIIEA) told IANS. He said a loading of 15 per cent has been given after 100 per cent neutralization of dearness allowance (DA) at 6,352 points of consumer price index (CPI).
Read more about LIC employees to get over 25% wage hike, says insurance corp union leader on Business Standard. The new fiscal year 2020-21 has started on a happy note for LIC employees as they are set to get over 25% hike in their pay packets, said a top union leader
LIC employees to get over 25% wage hike
By IANS |
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Life Insurance Corporation of India building, New Delhi. (File Photo: IANS). Image Source: IANS News
Chennai, April 16 : The new fiscal year 2020-21 has started for about 1.14 lakh employees of Life Insurance Corporation of India (LIC) on a happy note with over 25 per cent hike in their pay packets, said a top union leader.
The Central government on Thursday notified the revised pay packets for LIC employees.
The wage revision is effective from 1.8.2017. The employees are happy with the wage revision that has come at a difficult situation. The pay hike for the employees is expected to be over 25 per cent per month, Shreekant Mishra, General Secretary, All India Insurance Employees Association (AIIEA) told IANS.