New labor codes force employers to rethink pay structures

Business Mar 25, 2026

India's new labor codes are pushing 80% of employers to rethink how they pay their teams, according to a TeamLease report.
With 64% of companies facing higher employment costs, about one-third have slowed down wage growth to manage the changes.

Hiring vibes are still upbeat

Even with these challenges, hiring vibes are still upbeat: TeamLease predicts a 4.7% net employment boost for early fiscal 2027.
Tech startups and e-commerce are leading the charge with nearly 9% expected job growth, while healthcare isn't far behind.
If you've got digital skills, you're in luck: 77% of employers now see digital literacy as a must-have.

Bengaluru tops charts for new job opportunities

Bengaluru is topping the charts for new job opportunities, followed by Hyderabad and Pune.
Big companies are especially keen on expanding their teams right now, proof that even with shifting rules, there's plenty of action in India's job market.