P Mohan Nov 8 at 6:42 PM Dear Friends, As we know,the Bank Unions (UFBU) had called for All India Strike on 12th November14,for early wage revision settlement under ongoing 10th BPS process,with further actions plans including zone wise strikes in coming days. Meanwhile Chief Labour Commissioner had called a conciliation meeting with Bank Unions and IBA on 5th of current month which was inconclusive on account of adamant stand of IBA in offering further increase in wage above 11%.Hence further reconciliation meet was scheduled by CLC on 10th Nov at New Delhi. Now,IBA has fixed bilateral meeting with the negotiating Bank unions on 10th Wage Revision, on the same day ie: 10th November 2014 at 12.00 noon at New Delhi. Note from M.R,Badi (Yahoo) Indian employees to see 10.9 per cent salary hike in 2015: Report PTI | November 07, 2014, 13.11 pm IST New Delhi: Employees in India will see their salaries increase by an average of 10.9 per cent in 2015, the third highest pay rise in Asia after Pakistan and Vietnam, says an ECA International report. According to the latest Salary Trends survey by ECA International, the biggest pay rises in the region have been forecast in Pakistan where companies are anticipating 12 per cent rises on an average. For Indian employees the average hike has been forecast at 10.9 per cent. Although wage increases in India are among the highest in Asia, salaries would rise only 3.4 per cent on average next year if inflation is taken into account, Nevertheless, with inflation expected to be slightly lower next year wages will increase more in real terms in 2015 than they did this year when they rose just 2.7 per cent above inflation, ECA International regional director for Asia, Lee Quane said. In the Asian region, once inflation is taken into account, Indias place falls to seventh on the list, while Vietnam tops the chart and Pakistan slips to the third position. While China would occupy the second place. Thailand, Bangladesh and Sri Lanka would be placed in fourth, fifth and sixth places, respectively, in real terms. Employees in Japan would see the regions lowest wage hikes next year and much of the 2.3 per cent increase is likely to be eroded by inflation, it says. Meanwhile, companies in mainland China are planning to award an average 8 per cent salary increases again next year. Even after inflation, staff there will be among the best off within the region and globally: they can expect to see rise of 5.5 per cent, says the report. On average, salaries in Asia are expected to increase by 7.2 per cent in 2015 after factoring in inflation. Moreover, in terms of real wage rises (after taking inflation into account) it will average 2.7 per cent, higher than the other regions surveyed. According to company predictions from around the globe, wages would rise 5.8 per cent on an average in 2015, slightly up on this years 5.6 per cent average. This years survey was based on information collected from 340 multinational companies across 66 countries and regions. More than 100 companies provided data on their India-based staff. Do it seems IBA offer why 11% ?
Posted on: Sat, 08 Nov 2014 19:06:09 +0000
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