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In 2004, A. F. Ferguson & Co., which has been in India for 110 years, joined Deloitte, following CC Chokshi & Company, Fraser & Ross, PC Hansotia & Company and SB Billimoria & Company. [79] In India, Deloitte has two entities: Deloitte India and Deloitte US-India (USI), which is a region within the Deloitte US organization.
However, KPMG International changed its legal structure from a verein to a co-operative under Swiss law in 2003, [5] then to a UK limited company in 2020. [4] For Deloitte , [ 6 ] PwC [ 7 ] and Ernst & Young , [ 8 ] the co-ordinating entity is a UK limited company .
A pay scale (also known as a salary structure) is a system that determines how much an employee is to be paid as a wage or salary, based on one or more factors such as the employee's level, rank or status within the employer's organization, the length of time that the employee has been employed, and the difficulty of the specific work performed.
Pay Commission is India's central government organisation set up by Government of India, which gives its recommendations regarding changes in salary structure of its employees. It was set up in 1947 and since India's Independence, seven pay commissions have been set up on a regular basis to review and make recommendations on the work and pay ...
In India, salaries are generally paid on the last working day of the month (Government, Public sector departments, Multi-national organisations as well as majority of other private sector companies). According to the Payment of Wages Act, if a company has less than 1,000 Employees, salary is paid by the 7th of every month.
In addition to serving on Deloitte Global's boards of directors as part of his current role, [26] [27] Renjen is a member of The Wall Street Journal CEO Council, United Way Worldwide, [28] the U.S.-India Business Council, [29] [30] and the Business Roundtable. [31]
In economics, the wage ratio refers to the ratio of the top salaries in a group (company, city, country, etc.) to the bottom salaries. It is a measure of wage dispersion. There has been a resurgence in the importance of the wage ratio as well as the CEO Pay Ratio. The amount of money paid out to executives has steadily been on the rise.
United Service Institution of India (USI) is a national security and defence services think tank based in New Delhi, India. It describes its aim as the "furtherance of interest and knowledge in the art, science and literature of the defence services". USI operates centres for research in various areas of national security.