Wage bill of listed companies could be up by 3-4% in first half of this fiscal: CMIE

In the first quarter of 2020-21, which ended in June 2020, the nominal wage bill for listed companies was up by 2.2%, the lowest year-on-year increase. CMIE tracks financial statements of around 4,500 companies per quarter. However, the results for the second quarter, ended September 2020 are still flowing in, it said.