The Economic Times

Minimum 2% annual salary increment for these employees as per Rule 185 of Central Governments new labour code; Know the details

New labour codes from the Central Government introduce a mandatory 2% annual salary increment for regular contractual workers. This rule applies to employees of contractors working for central government establishments like railways and banks. The provision is mandatory, even if companies do not wish to offer increments. This rule does not extend to employees directly on a company's payroll.