Outlook Business Desk
Indian companies are updating employment contracts to reflect rising global uncertainties—including wars, tariffs, and trade disruptions—that could impact business operations and continuity.
From layoffs to pay cuts, companies want legal cover against global disruptions as they adapt to new norms in hiring, paying and firing employees.
Employee contracts are getting commercial-style clauses. Events like wars, sanctions and trade embargos are now being added as a valid reason for job termination in contracts.
Companies are shifting to flexible, project-based roles for mid- and senior-level staff to manage costs and adjust workforce quickly.
Disputes around unfair terminations and payment issues for remote roles are pushing companies to tighten legal terms.
Additionally, compensations or bonuses may now depend on inflation, supply chains or market conditions—not just individual or company performance.
India Industries tightens cost controls with trade uncertainty. Top firms like TCS are delaying wage hikes, with Aon projecting only 9.2% salary growth in 2025.