The linking of wages with productivity has occupied a centre stage especially after the New Economic Policy of 1990 in India. Though wages and other components like bonus, etc are still determined to a large extent by statutory bodies and collective bargaining, productivity is entering into many...

It is generally believed that the compensation of workers employed in the organised sector in general and public sector in particular is not necessarily linked to their economic contribution in the productive process. It is accepted that most the enterprises belonging to the organised sector...