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Good News! LIC employees to get over 25% wage hike
The new fiscal year 2021-22 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.
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.