Wage growth dips to its slowest since 2009

Wages of employees and headcount in most companies have remained stagnant, particularly in the core sector, where most firms are witnessing a decline in their sales over the past year. Data compiled by Capitaline shows that year-on-year growth in employee cost of 362 BSE 500 companies (excluding IT, finance, banking, trading and services) is the lowest since 2009, at 13.8% in 2014-15.