phd management salary in india

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Message from the Chairperson

The doctoral programme in management at iim ahmedabad (iima), one of the country's first doctoral programmes in management, remains the first choice for students interested in pursuing a career in management in india. iima aspires to be a leading school in management research. to that end, we seek researchers with the potential to become global knowledge creators and research leaders in methodology and practice. the emphasis is on knowledge creation and knowledge expansion. our doctoral students are expected to demonstrate independent research thinking by publishing in prestigious academic journals and giving scholarly presentations on their work. we encourage and support collaborative research with faculty from other universities. we encourage students to join academic, research, and professional networks as early in their careers as possible. the iima doctoral programme offers specializations in agriculture, economics, finance and accounting, human resource management, information systems, innovation and management in education, marketing, organizational behaviour, operations & decision sciences, public systems, and strategy. we strongly encourage multidisciplinary research. we have excellent research facilities, including a library with an impressive collection of management literature, journals, and databases. we provide high-performance computing capability, subject-specific research centres, fellowships, and financial assistance for research and conference attendance. if this excites you, we invite you to apply to the doctoral program and become a member of the iima community., diptesh ghosh chairperson, ph.d. programme, why ph.d. at iima.

Thinking of doing your Ph.D.? If you have outstanding academic credentials, intellectual curiosity, discipline required for deep and meticulous research then the Ph.D. Programme at IIMA is where you should be. You will acquire a solid foundation within your discipline, exposure to new ideas, and mastery of the tools necessary to engage in research as you investigate in-depth today’s most challenging problems.

Vision of the Programme

The objective of the Ph.D. Programme in Management is to equip students with necessary skills to identify and carry out research on complex issues in a specialized field of management. The programme is strongly committed to preparing thought leaders, both for the academic and corporate world. Graduates of the Ph.D. Programme in Management are placed in world class organizations in teaching, research and consulting positions. A total of 422 doctoral students have graduated from IIMA so far.

The Ph.D. Programme in Management seeks candidates with outstanding academic credentials, intellectual curiosity and discipline needed to make scholarly contributions that advance the frontiers of knowledge. It provides a diverse set of opportunities for interdisciplinary learning and research. The student opts for one of eleven functional/sectoral areas and acquires super specialized theoretical knowledge and mastery of practical aspects of the area.

The small class size allows close interaction with faculty members, who provide the intellectual stimulus and help develop the student's research interests and professional goals. Students generally spend a little over four years to complete their Ph.D. which includes two years of rigorous course work.

Course work in the first year provides a general management overview and develops basic skills for analyzing managerial problems. In the second year, students take advanced Ph.D. level courses in their areas of high levels of specialization. After completing the course work, students have to pass an area comprehensive examination to demonstrate that they have reached a level of proficiency in the area of high levels of specialization.  The Ph.D. dissertation, for the next couple of years, provides them with an opportunity to make original contribution to an area of management or to one of its source disciplines. Students admitted to the Ph.D. Programme receive a comprehensive fellowship that covers all costs and in addition provides a modest living allowance.

The objective of the Ph.D. Programme in Management is to equip students with necessary skills to identify and carry out research on complex issues in a specialized field of management. The programme is strongly committed to preparing thought leaders, both for the academic and corporate world. Graduates of the Ph.D. Programme in Management are placed in world class organizations in teaching, research and consulting positions. A total of 422 doctoral students have graduated from IIMA so far. The Ph.D. Programme in Management seeks candidates with outstanding academic credentials, intellectual curiosity and discipline needed to make scholarly contributions that advance the frontiers of knowledge. It provides a diverse set of opportunities for interdisciplinary learning and research. The student opts for one of eleven functional/sectoral areas and acquires super specialized theoretical knowledge and mastery of practical aspects of the area. The small class size allows close interaction with faculty members, who provide the intellectual stimulus and help develop the student's research interests and professional goals. Students generally spend a little over four years to complete their Ph.D. which includes two years of rigorous course work. Course work in the first year provides a general management overview and develops basic skills for analyzing managerial problems. In the second year, students take advanced Ph.D. level courses in their areas of high levels of specialization. After completing the course work, students have to pass an area comprehensive examination to demonstrate that they have reached a level of proficiency in the area of high levels of specialization. The Ph.D. dissertation, for the next couple of years, provides them with an opportunity to make original contribution to an area of management or to one of its source disciplines. Students admitted to the Ph.D. Programme receive a comprehensive fellowship that covers all costs and in addition provides a modest living allowance.

Announcements, deadline extended to 29 january 2024, for doctoral programme admissions, ph.d. experiences, my two years journey at iim ahmedabad has been very rewarding. professors, here, are very knowledgeable and supportive. there are abundant research opportunities with hundreds of research seminars occurring every year. campus has excellent infrastructure including classes, sports facilities, hostels and the library is probably the best in india with plethora of resources. ph.d. office, library and administration staff is also very friendly and cooperative. apart from academics, there are plenty of avenues to explore cultural and sports interests..

Atul Karwasara Year of Joining: 2018, Area: Strategy

Ph.D. in innovation and management in education is offered only in IIM A across India, and this unique interdisciplinary course of management and education provides ample opportunity to research in the diverse field within the education sector. The option to choose multiple courses from different management sub-disciplines during coursework in the Ph.D. programme at IIM A has helped me broaden my understanding and knowledge about management education and research. Ph.D. programme at IIM A provides a unique platform in terms of the diverse cohort to hone research skills as the mix of qualitative and quantitative researchers help and support each other in mutual and shared learning.

Nirved Kumar Year of Joining: 2020, Area: RJMCEI

My experience with IIM A, till now, can be summarized in three words - rigour, learning, and development. The coursework is vast and intense. I would admit that the first year of coursework has helped me take a quantum leap into the world of academics. The faculty members are extremely supportive and patient. Additionally, there is ample scope, here, to pursue one’s extra-curricular interests. The community is very tightly knit and my batch profile is so diverse that the past one year was peppered with numerous instances of peer learning - academic as well as non-academic.

Lokesh Malviya Year of Joining: 2020, Area: OB

The Ph.D. Programme of the IIMA admits students who have a strong academic background, are highly motivated and who have the intellectual curiosity to undertake original research.

Ph.d. directory.

Pallavi Rachel George

Ph.D, III Public Systems Group

Anmol Basant

Ph.D, III Organisational Behaviour

Sannidhya Sandheer

Ph.D, I Information Systems

Bharat Barik

Ph.D, II Economics

Areas of Specialisation

Centre for management in agriculture.

At the IIMA, scholarly investigation of agriculture-related management builds on experience that goes back nearly 60 years and touches all aspects.

Communication

Communication - concise, direct, clear, and compelling - is the heart of management.

Teaching and research that span the worlds of economic theory and practice.

Finance and Accounting

Teaching that is a credit to the institution, research that yields a wealth of knowledge.

Human Resources Management

Teaching and investigating all aspects of human resource development, human resource management, industrial psychology and labour relations.

Information Systems

Exploring the interface between ever-advancing information systems and organisaional operations.

Teaching the power of persuasion. Researching new theories or real-life problems.

Operations and Decision Sciences

Teaching and research about how to get the facts, understand them and make optimum use of them.

Organisational Behaviour

Teaching and researching ways to increase the value of the human capital in an organisation.

Public Systems Group

Teaching and researching concepts and skills for effective management of public systems and democratic policy making.

Ravi J. Matthai Centre For Educational Innovation

Innovating, inspiring and influencing the management of education systems in India through teaching and research.

Focusing on organizational strategy and the functions of the chief executive.

What is Ph.D. Programme in Management?

Ph.D. Programme in Management at IIMA consists of 11 different areas of high levels of specialization of Management. It prepares students to pursue a career, which requires high scholastic aptitude and academic research. The programme is primarily designed to help students seek research careers in academia or elsewhere.

Where can I get more information about the Ph.D. Program in Management?

Ph.D. Programmes Office Indian Institute of Management, Vastrapur, Ahmedabad 380 015 Tel +91-79-7152 4640/41

What is the average completing time for the Ph.D. Programme in Management?

The average completion time is between four to five years.

Is it possible to complete the Ph.D. programme on a part-time basis?

No. However, a student may seek employment at the end of four and a half years with the concurrence of his / her thesis advisory committee and Ph.D. Programme Chair.

Who should apply? What are the typical backgrounds of Ph.D. students?

Ph.D. programme looks for highly motivated students interested in pursuing research careers in high levels of specialization requiring high scholastic aptitude. Typical students have varied backgrounds. Please follow the link to know about backgrounds of current students.

What are the qualities which IIMA is looking for in applicants to the program?

The Programme looks for highly motivated and disciplined candidates with strong academic preparation who exhibit curiosity, desire to learn, and have an inclination towards high levels of specialized research.

How will I sustain myself for 4-5 years, if I have a family?

IIMA provides sufficient fellowship (including fees, boarding, lodging and stipend) for five years to doctoral students. Please refer later section for details.

Does it help to have an MBA degree before entering the Ph.D. program?

Not really. From the first year itself the student takes Ph.D. level courses alongwith some PGP courses as recommended by his/her Academic Adviser. Hence, a student coming from non-management background is equally placed with those having a management background. Please check the area pages in the Ph.D. Prgramme in Management Brochure for specific requirements. For example, P&QM area encourages students who have a quantitative training from various disciplines to apply for their programme. Similarly, students with a background in Psychology may find the work done in the Organizational Behaviour useful.

How do I apply? What is the process of admission to the programme? Where can I get the forms? Can I apply online?

Application form can be filled-in online. Application fee of Rs. 500/- can be paid through IIMA payment gateway. Candidates have to attach copies of academic certificates/testimonials and qualifying examination score card along with the application. The qualifying exams are: Scores on standardized tests ( CAT / GATE / UGC JRF / GMAT / GRE / ICAR-SRF)

What are the important deadlines?

Last Date for Ph.D. Programme Application: January 17, 2023 Interview dates (Tentative) - March/April, 2023, Joining dates – May/June 2023

What is the purpose of the interview? What is expected at the interview for IIMA? Does it help if I come prepared with a research proposal?

The purpose of the interview is to gauge the academic preparation of the candidate for her/his chosen high level of specialized area in the programme. It also gives the candidate an opportunity to find out if the programme meets the requirements of the student. The student is not expected to have prepared any research proposal. In addition to interview, some of the Areas may conduct written test.

Does the programme accept international students?

Yes, the programme accepts international students. The eligibility requirements are the same as for domestic students. Please write to us specifically for details on the admission process and fees.

How selective is IIMA? What are my chances of getting admitted? How many students are admitted each year?

The selection process is very rigorous and involves four levels of screening and interviews. The number of seats are not fixed for the programme and depend upon the calibre of the applicant who goes through a fair and rigorous selection process.

Do you have an option of doing high level of specialized inter-disciplinary research?

Yes. You could specify this at the time of application. However, you will be housed in one area of specialization. You could take courses on highly specialized areas of study from a variety of areas and choose your thesis topic that cuts across disciplines.

Is the courses work at IIMA very difficult?

The institute expects high levels of specialized academic rigour and integrity. It has stringent requirements at specified stages of the programme, and there are fair and open processes to check that each student passes these at every stage of the programme. The candidates who are unable to meet these requirements are asked to leave the programme without any prejudice. The process of natural justice is followed in each such case.

What are the important stages in the Ph.D. program?

The key stages are

1. First year coursework (Ph.D. Programme Compulsory courses, Area Ph.D. Courses and some recommended PGP course/s),

2. Second year coursework in area of high levels of specialization,

3. Area comprehensive examination,

4. Thesis Proposal defense,

5. Thesis seminar,

6. Thesis defense

How much flexibility exists in the Ph.D. program? Can I change my area of research during my stay at IIMA?

IIMA Ph.D. programme offers a mix of flexibility and rigidity to the students. Students are allowed to change their chosen area of specialized work during the first year at IIMA, if they fulfil specified criteria. Specific deadlines for doing so are provided in the Ph.D. Programme Manual. IIMA offers high degree of flexibility in choosing areas of research. However a student is required to complete his/her area comprehensive exam by beginning of third year and thesis proposal defense within 9 months of the completion of area comprehensive examination. Details are available in the Ph.D. Programme manual.

How do I choose my research topic?

A research topic requires interest and motivation of student and availability of a suitable guide interested in the area of high level of specialization. Each Ph.D. student forms a Thesis Advisory Committee with whom the student has to work towards her/his thesis.

Are Ph.D. students required to teach?

What support is available for presenting research papers in indian and international conferences.

IIMA offers full support for attending up to 4 domestic conferences during the course of the programme. Competitive Travel Grants are available for attending international conferences as per the prevailing policy.

How do I find a job, after completing my Ph.D. studies?

Jobs depend on a student's competence and high level of specialization achieved during the programme. There are recruiters coming to the campus, faculty advisors provide references, and also through other informal/formal channels.

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PhD in Management

• Updated on  
• Apr 24, 2023

While pursuing a master’s degree in your chosen field of specialisation, have you ever given thought to pushing the academic boundaries and enrolling in a Doctor of Philosophy or what is famously called a PhD? Being the most advanced academic degree, lakhs of students aspiring to study abroad flock to different countries to study at universities offering PhD courses in their choice of discipline. If you are a student who has completed your studies in management and is looking forward to building a career in research and academics, then through this blog, let us give you an insight into important aspects pertaining to studying a PhD in Management abroad.

This Blog Includes:

Overview of phd in management, popular phd in management courses and specialisations, best phd in management universities abroad, top management entrance examinations in india, abroad , skills required, where to study phd in management, average salary, top recruiters.

The field of Management accounts for administering and overseeing subordinates or other employees and ensuring that they are working effectively and efficiently. Thus, learning and developing leadership qualities, business insight, delegation strategies, decision-making, professional communication, negotiation, conflict resolution, evaluation, etc. are some of the skills that PhD in Management studies students are equipped with. The course curriculum makes the students master the basic and advanced concepts of business and its operations, along with other factors essential for the smooth operation of big and small business organisations. A typical doctorate program in Management spans over four to five years, of which the first two years are spent completing the coursework while 3rd year onwards, the students start their research and dissertation work.

Also Read: Top Management Courses

The field of Management is very vast and diverse. It encompasses the elements of several courses and specialisations under this domain. The students who enrol for these courses can specialise from a list of subjects. Some of these have been listed below:

• PhD in Economics and Management
• PhD in Tourism Management
• PhD in Consumer Science- Clothing Management
• PhD in Sustainability Management
• PhD in Strategic Management
• Doctorate in Security Risk Management
• PhD in Business Administration

Read more about:

• PhD in Commerce
• PhD in Accounting
• PhD in Finance
• PhD in Mathematics
• PhD in Economics

PhD in Management Eligibility

A master’s degree relevant to management studies is the prerequisite for admission to PhD in Management program. However, it may not be true in all cases. There are a number of universities and colleges offering regular and Integrated PhD programs, which do not require masters-level degrees and grant admission to students right after they complete their bachelor’s education.

There are some common criteria of eligibility that the candidates need to fulfil. This includes the submission of: 

• GRE or GMAT scores
• IELTS or TOEFL scorecard
• LOR (Letter of Recommendation)
• SOP (Statement of Purpose)
• Academic Transcripts 
• Updated CV 
• Candidates must have completed their master’s degree with at least 60% marks 
• Lateral entries are also allowed by the universities but the applicants must have work experience of around 2-3 years 

Management professionals are required in almost every industry and due to this, universities across the globe are offering programs in this field. Known to provide best-in-class educational facilities and a healthy study environment to the students, here is a list of the top universities for this course and its specialisations: 

• Technical University of Munich
• University of California, Berkeley
• Cornell University
• University of Oxford
• London School of Economics and Political Science
• Harvard University
• INSEAD France
• Southern Illinois University, Carbondale
• London Business School
• University of Bradford
• Frankfurt School of Finance and Management

Top Indian PhD in Management Universities

• Assam University
• Christ University
• Banaras Hindu University
• CMS College of Science and Commerce
• Birla Institute of Technology
• Dr. B.R. Ambedkar University
• Guwahati University
• Hindustan University

Also Read: Project Management Courses in Canada

To pursue management courses in Indian universities, some of the popular entrance examinations are mentioned below.

PhD in Management Online Courses

Students who are curious about pursuing the PhD course online must go through the below-mentioned course options:

• PhD in Business and Management by The University of Zambia ECAMPUS
• PhD in Management by Texila American University
• Online Doctor of Philosophy in Management (PhD) by United International Business Schools
• Doctor of Philosophy in Business Administration (PHDBA) by 
• Trident University International
• PhD Program in Management by the Institute Of Finance And International Management (IFIM)
• Fellow Programme in Management (FPM) – ABPM by Indian Institute of Plantation Management
• PhD by Vishwakarma Institute of Management

Some of the most prominent skills required are mentioned below:

• Communication skills
• Critical thinking
• Organising skills
• Decision-making skills
• Attention to detail
• Numerical ability

Also Read: Management Courses in Canada

For students who aspire to study doctorate programs abroad, there are a number of options available for them in terms of universities and specialization programs. So, here are the top study-abroad destinations you should definitely consider before applying for this course:

New Zealand

Career Prospects of PhD in Management

Pursuing this degree course opens the door to a plethora of highly rewarding career opportunities across industries. Listed below are some of the popular job profiles you can opt for: 

• University Lecturer
• Policy Analyst
• Management Consultants
• Chief Executive Officer
• Strategic Manager
• Market Research Analyst
• Business Development Manager
• Quantitative Analyst
• Product Manager

The following companies are top recruiters for people with a PhD in Management, landing the aforementioned jobs.

• Ernst & Young

Yes, PhD in management is highly useful.

Though MBA and PhD both have their advantages, MBA is more beneficial.

The minimum eligibility criteria for PhD in management is a completed postgraduate management degree or a BBA degree from a recognised university.

If you are planning to pursue a PhD in Management from a top-rated university but are not sure about the process then reach out to us at Leverage Edu where the experts will provide assistance at every step of the admission process. You can also attend a brainstorming counselling session by booking 30 minutes of free career counselling with our experienced professionals!

Sonal is a creative, enthusiastic writer and editor who has worked extensively for the Study Abroad domain. She splits her time between shooting fun insta reels and learning new tools for content marketing. If she is missing from her desk, you can find her with a group of people cracking silly jokes or petting neighbourhood dogs.

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Doctoral Program (PhD) Home | Degree-Granting Programs | Doctoral Program (PhD)

PhD Program of the Indian Institute of Management Visakhapatnam (IIMV) is a research-intensive doctoral program aimed at imparting high-quality training in research.

IIMV’s PhD program aims primarily at training prospective scholars to excel in their chosen areas of research through high-quality publications. This program would also prepare scholars to be highly skilled teachers.

The normal duration of the program is five years, comprising one year of course work, a comprehensive examination and thesis work consisting of a thesis proposal defence; and a final thesis evaluation and defence.

Collaboration between faculty members and students is the hallmark of this Program. The faculty members at IIMV are adept in research and publishing, providing a conducive environment for prospective scholars to find areas of interest from a rich and diverse bouquet of management themes.

IIMV reflects a true national character. On the strength of its infrastructural resources and institutional processes (academic and administrative), the Institute attracts faculty and students from across the country. 

IIMV, encourages prospective scholars with a passion for research, to apply to this program. The Institute is confident that its doctoral degree holders will make a positive and profound impact in their chosen field of career, be it in government, business, or academia.

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PhD Salary In India

A PhD or Doctor of Philosophy is the highest academic degree a person can receive after completing a course of study. The word “PhD” comes from the Latin phrase “Philosophiae Doctor” and refers to a competition of solitary research in a particular area of interest. A PhD can take up to 3 Years to complete, with a maximum of 6 Years. A doctorate in research opens doors to a variety of opportunities. Greater employment opportunities are one of the factors that motivate people to pursue PhDs in their chosen fields. 

According to a 2019 study from the All India Survey of Higher Education (AISHE), the number of PhDs awarded has increased by 60% over the previous five years. In 2019-20, the total number of admissions rose from 1,24,451 to 2,02,5520. The PhD Salary in India varies depending on the various professional options one can choose after obtaining a PhD in a certain field. 

The students keen to apply for PhD programmes are interested in learning about PhD salaries in India in 2023. The given article will help aspirants to learn the salaries for various professions depending on various PhD career alternatives, as well as the PhD Professor salaries in India.

Read about University Grant Commission in the linked article.

Job Opportunities Post PhD

According to their knowledge and interests, students can choose the speciality in which they want to do research. Entrance exams, like the CSIR UGC NET, IIT JAM, and NPAT, are used to get admission to PhD programmes. Candidates who want to enrol in PhD programmes in engineering should take the GATE exam. 

After completing a PhD programme, candidates have access to a wide range of options in both the private and public sectors. Depending on their area of expertise, for example, research scientists, associate professors, economists, historians, etc, candidates can obtain high-paying jobs. The starting salary for candidates is Rs 6 LPA. The highest salary may increase based on experience, knowledge, talents and other factors. 

Some of the best career options to pursue after completing PhD degree are given below:

Interested candidates can also learn about the detailed IAS Salary , in the linked article.

PhD In Different Specialisation

Employment for PhD candidates is also based on the Specialisation in which they have completed their doctoral studies. The PhD programme offers a wide variety of specialisations with various career profiles, including PhDs in Management, PhDs in the Arts, PhDs in Engineering, PhDs in Medicine, PhDs in Legal Studies, etc. The details are given below:

• PhD Medical : Hospital Administrators, Medical Scientists, Professors and Researchers.
• PhD Engineering : Research Scientists, Mechanical Design Engineers and Executive Engineers. 
• PhD Mechanical Engineering : Executive Engineer, Research Scientist, Professor, Mechanical Design Engineer.
• PhD Arts : Content Writer, Economist, Professor and Clinical Psychologist.
• PhD Marketing: Deputy Manager, Marketing Manager, New Product Manager, Marketing Executive.
• PhD Psychology : Research Psychologist, Clinical Psychologist, Professor, Therapist.
• PhD Management : Management Consultant, Business Analyst, Data Analyst and Human Resource Manager.
• PhD Economics: Professor, Banker,Financial Managers, Accountant and Economists.
• PhD Mathematics: Accountant, Cashier, Finance Manager, Professor, Loan Counsellor.
• PhD Biology : Professor, Microbiologist and Research Biologist
• PhD Computer Science : Website Developer, Software Developer, Hardware Engineer and Network Engineer.
• PhD Chemistry: Forensic Chemist, Junior Scientist, Chemical Researcher, Medical Technologist.

The National Assessment and Accreditation Council (NAAC) is an organisation that assesses and accredits higher education Institutions (HEIs) in India. Click in the linked article to learn about it in detail.

The specialisation influences the jobs in the private sector. PhD candidates have multiple opportunities in the private sector because they work in practically every field, although their employment is dependent on their area of specialisation. Private universities, Google, Microsoft, Deloitte, and Infosys are a few of the leading employers in the private sector. In addition to working in the private sector, PhD holders are also recruited in government organisation. After earning a PhD, candidates have a wide range of options to consider, including working for chemical or pharmaceutical businesses, the oil and gas industry, the research sector, NGOs, etc. Both the commercial and public sectors have different salary structures.

To know more about the Current Affairs related information, refer to the linked article.

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PhD Salary For Different Professions

The PhD salaries for the various PhD specialisations of the candidates are listed in the table below:

Also, read the National Skills Qualifications Framework (NSQF)

Below is information on PhD salaries in India for Professor, Associate Professor and other positions. Candidates can view the table to see what PhD Professors make in India.

Check details related to Government exams after 12th in the given link. 

For help, candidates can turn to BYJU’S if they will be taking the exam for the first time and want some advice on how to prepare and study for the competitive exams. For the Best preparation strategy for competitive exams , candidates can visit the linked article and get detailed study material and preparation tips to excel in the examination.

Related links for Government exams are given in the table below:

Frequently Asked Questions about PhD Salary

Q1. what is the typical pay for lecturers in indian public universities and schools, q2. what is a phd graduate’s highest salary, q3. what is a researcher’s highest annual salary, q4. is an internship necessary to work as a professor, q5. what factors influence the pay of a phd professional, q6. from a financial perspective, is a phd worth it.

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From admission to dissertation. Tips on making the PhD journey happy, productive and successful

Salary after PhD in Management in India

Salary after PhD in Management in India is 40000 to 50000 per month. After finishing PhD in Management , one can apply for universities around India to get a handsome salary. After PhD in Management , it is easy to apply for a job and get it. PhD is the highest ever academic qualification in business management. The reason is that there are not many of PhD scholars in Management . So if you are one of those ones, you can get a good job with highest pay. Salary depends upon various factors again.

Also check salary after phd in biotechnology , microbiolog y, zoology , english , economics , chemistry , and salary after phd in mathematics

Here are the factors that affect salary after PhD in Management in India:

Experience before phd.

If you have more years of experience by the time of completion of PhD, you will get a good salary package. If not, you will be treated as a fresher in the field which results in low salary offers.

Publications history

If you have good publication history during or after PhD in Management , salaries will be very good irrespective of experience that what I have mentioned above. Good publications include publishing in SCI, ESCI, Scopus etc. The paper published along these platforms have highest regard to fetch a handsome salary package.

Patent history

If you have at least 2 patent in the subject of Management , you will have a great salary after PhD. Nobody will lose PhD holders in Management who have patent recognitions.

Types of institutions one applies

Salary after PhD in Management also depends on the type of institutes that you apply for. For instance if you apply for colleges and schools or academies, the salaries are very low where as if you opt university level institutes like IIT, IIIT, NIT’s etc, the salaries are very good in par with academic standards. Never apply for a job in engineering colleges if they are not autonomous. You will face troubles even to get regular salaries after PhD in Management .

PhD from top ranking institutes

Salary also depends upon the institutes where one completes PhD. If you complete PhD from private univesities in India, salaries are low because such PhD awards are treated low. If a PhD is from NIT’s or IIT’s or Government universities, the PhD holder will have high chance of getting a good salary. So conclusively, it is the institute where PhD is acquired that matters for a high salary package.

Full-time vs Part-time

Salary also depends on whether your PhD is done through full time mode or part time mode. Usually full timers are given preference while deciding salaries for PhD holders in Management . But this many not not be true with some universities. It is just my opinion based on experience.

Competition affects PhD salary

The number of PhD applicants apply for a job also affects salary if the university that is recruting wants to save some money. So those who ask for more salary may not be given a position rather those who go by norms of the institute will be given a job position. So usually salary is bit lower.

Recommendation matters

Salary after PhD in Management also depends upon the recommendation letter that one gets to get a job position. If any higher authority recommends a particular candidate even before the job interview, salary will never be a constraint for such PhD holders in Management . So remember recommendation letter matters in India even in this 21st century.

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Hello, My name is Syam, Asst. Professor of English and Mentor for Ph.D. students worldwide. I have worked years to give you these amazing tips to complete your Ph.D. successfully. Having put a lot of efforts means to make your Ph.D. journey easier. Thank you for visiting my Ph.D. blog.

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Top 7 Career Opportunities in India after PhD in 2024

A PhD or Doctor of Philosophy is the highest academic qualification offered to an individual following a course of study. The term PhD originates from the Latin term ‘Philosophiae Doctor’ and represents competition of individual research in a field of interest. The doctoral research degree paves the path for a wide range of opportunities. It is a 3 to 8 years course that helps you become competent at presenting your thesis based on independent research of a topic.

There is a breadth of skills students acquire while pursuing a PhD. It elevates your ability to critically analyse a subject, display intellectual maturity, gain in-depth knowledge of a specific field and publish a valid thesis. 

In this article, we’ll take a look at the best job opportunities after PhD that are available to students in different industries—academia, government sector, entrepreneurship, consultancy, and so on. If you are looking for PhD admission for 2024, please read further. 

What is the career outlook for PhD holders in 2024?  

Based on my experience and insights, job opportunities after phd in india appear promising in 2024. Their advanced research and analytical skills are in high demand across various sectors. In academia, opportunities abound as they can pursue careers as professors or researchers. The corporate sector offers avenues for success in roles related to research and development, data science, and consulting. Government agencies value their expertise in policy analysis and implementation. Additionally, for those inclined towards entrepreneurship and innovation, there are opportunities to venture into new territories. Overall, the year 2024 presents an encouraging landscape for PhD holders in India, offering diverse career paths and the potential to make meaningful contributions in their respective fields.  

Top Job Opportunities after PhD

1. academics, a. faculty position.

One of the most commonly opted choices after a PhD is teaching, primarily due to the uncanny similarity between academia and what an individual must do to acquire the degree. The degree practice and teaching involve teaching, researching, and nurturing your acquired knowledge.

If you are interested in landing a faculty position or taking up the teaching path, plenty of institutions are keen on having a PhD holder in their faculty, especially in developing countries.

The PhD holders have a niche of their own in the domain or topic they have spent time researching about. They have made a good number of contributions to the field of study, so they have a firm hold on the subject.

So the PhD holders as faculty seem to be a natural fit, as they can impart the knowledge mentioned in the curriculum and much beyond that. They can open their students’ minds to concepts they would not usually be exposed to and thus help them develop a frame of mind that is inquisitive and has a strong foundation.

Some of the skills that the faculty must possess to impart the education smoothly are an excellent hold of the subject, communication skills, analytical skills, people management, understanding of human behavior, assessment skills, empathy, etc.

The profession of teaching is considered one of the best, high paying and most successful one. The compensation varies according to the subject, institution, experience, etc. On average, after PhD salary in India of a faculty is  12.0 lakhs per annum. The average salary bracket ranges from 1.3 lakhs per annum to 30.0 lakhs per annum (Source).

b. Post Doctorate

You can also choose to stay in the same university for varying periods (from one to four years) and get an extended project based on the one you did earlier. You might also work on publishing your erstwhile researched product.

The significance of a post-doctorate is many. They take on individual or group research projects that are impactful. Their research and findings help society, government education, industries, etc.

A post-doc has the autonomy of their day. Some of the skills that are required from a post-doc are the nature of being inquisitive, research skills, documentation, verbal and written communication, a good hold of the subject matter, people skills, team management, etc.

The salary for a post-doc may vary depending on factors such as the institution, domain, research topic, experience, etc. On average, a postdoctoral researcher procures the compensation of 10.0 lakhs per annum. The salary ranges from 3.0 lakhs per annum to 40.0 lakhs per annum (Source). People have apprehension about “ What comes after PhD ?” Post-doctorate can be considered an option.

c. Adjunct Position

An adjunct position is a non-tenure position in universities; they are professionals who don’t carry the title of a professor but make valuable contributions to the faculty. In some universities, professionals in Adjunct positions work overtime and bear numerous educational responsibilities.

d. Teaching

PhD holders can teach at institutions offering undergraduate courses where they are looking for staff with a PhD who can carry out practical research.

PhD candidates can be assistant professors by teaching undergraduate courses or being a part of committees that help form academic and organisational policies and perform research to achieve tenure.

There exists a myth that PhD courses are designed to PAVE the path for individuals to become professors at the university level. However, the horizons of a PhD degree spread farther than simply academia, so it’s wrong to assume so. 

Here’s looking at the different verticals where PhD holders can chart a rewarding career. 

2. Government Jobs

The government job sector is ideal for patriotic and passionate people who want to serve the country. Since the government is always on the lookout for creative and skilled people, professionals who love researching and put their skills to good use can rely on the government sector. 

PhD holders carry a unique, innovative perspective that allows them to view complex problems, understand them and make practical, diplomatic choices.

There are several opportunities here, starting from the military sector (e.g. military research). If you are interested in politics, you can opt for a policymaker position in state and central government. You can also be a minister if you can work your way up with innovative diplomatic ideas.

First, the PhD holders are eligible to sit in the government exam. They are highly qualified professionals who give a learned and deeper perspective to the government professionals that helps in better decision-making. They can work in various departments of the government, such as policy making, rural development, transportation, scientific research, military, international relations, etc. One can procure various PhD jobs in India in the government sector.

3. Entrepreneur

In today’s world, the entrepreneurship sector is growing exponentially. Since information and technology are accessible to everyone, there’s a growing shift towards startups, self-employment, and innovation. PhDs holders carry the potential to be first-grade innovators/entrepreneurs.

Research shows that PhDs and entrepreneurial journeys are way more similar than they seem, and hence, students who have PhD degrees are very likely to thrive when they get into entrepreneurship.

Apart from various similarities between the entrepreneurs and PhDs, there is one common similarity between these two, and that is innovation and research skills. Both of these professionals identify a problem persisting in society and develop a model that solves it. So naturally, the PhD holders seem as a fit progression to entrepreneurship.

Some of the skills required for a successful entrepreneur are identifying problems, critical thinking, problem-solving, business management, creativity,  team management, self-starter attitude, communication skills, networking, etc.

4. Consultancy

The skillset required to be a consultant includes maintaining large amounts of data. Plenty of companies rely on MBA professionals and PhD holders for consultancy due to the increasing influence of technology in the real world.

Large consultancy firms hire PhD holders from all different fields. The idea is to leverage valuable data and glean helpful insights to empower business decision-making. 

PhD and other advanced degrees help students shine in consultancy since there is a massive requirement for specialised expertise in today’s age. Therefore, if you have a PhD, consultancy is a very prominent job opportunity that can be highly rewarding.

There are various reasons for being a consultant professional as a PhD holder, as they have a high capacity for critical thinking. They are skillful for effectively and scientifically solving problems. The PhD holders can effectively analyse the data and come to conclusions. The companies hire the PhD holders for the level of expertise they bring. Usually, they are hired at the same level as MBA professionals. This may vary depending on the companies, level of skill sets, location, and other factors.

5. Digital Media Company

The job description is to prepare reports providing a comprehensive analysis and context on various topics. It also includes preparing reports on artistic and cultural events. A PhD course equips you to be an individual with excellent writing and research skills. These are extremely handy when pursuing a writing job opportunity at media company.

Unlike a regular digital marketing professional a PhD holder would come up with a much deeper perspective and understanding. They would be having the in depth knowledge of the funcitonings. 

There is an option available to do PhD in digital marketing, these professionals would come up with understanding on the culture, society, ethnicities, human behaviour and many more. There are various options available fo r phd jobs as   there are various firms and companies that employe the professionals.

6. Research Associate

As the word suggests, a research associate job position requires you to gather data to determine whether consumers or companies find a product or service desirable or appealing.

For this job position, the skills you acquire during your PhD study (presentation and research skills) prove to be highly influential; these are the skills that help you excel in research.

Switching from academic research to corporate research, where the information acquired via research is used well, is a choice most professionals make these days since academic research can get monotonous and underwhelming at times.

The research associates are responsible for various tasks such as gathering of data, preparing data, analysing, reporting, research and may more. They identify the problem and then go about their workf to find solutions for the problem.

It is considered as one of the most sought- after jobs one can go for. There are various industries and fields one can go ahead to make a career fro themselves. These researches make a positive contribution to the society in various fields such as history, science, art and culture, society, policy making, etc.

Usually there is no degree after PhD is required to become a research associate a PhD suffices. Moreover, the profession as a research associate is high paying and is a stable career. 

7. Product Manager

The job profile of a product manager includes overseeing every aspect of the development, growth, maintenance, and improvement of a product.

Companies prefer PhD holders over other UG PG holders for positions that require overseeing or handling end-to-end tasks since a PhD equips you to handle multitasking effortlessly.

The role of a product manager doesn’t stop after product formulation and release. It extends to maintenance, improving product performance, devising marketing strategies, and enhancing product efficiency by bringing in new methods that can replace older ways. Online PhD programs offer you offer flexibility to manage your work and other commitments.

 A product manager is required to be aware of the customer’s needs and manage to address the gap by innovating the product. They are responsible for making the product better that helps in taking the business forward. 

In order to all of that, they are required to be equipped with certain skill sets that understands th ehuman behavioru, mindsets of people coming from different geographies and age groups. And according to various factors, inculcate the innovations in such a way that the product feels relatable to the target audience. But most importantly, they should also be having the business acumen that helps them in aking decisions that benefits the business.

The profession as a product manager is considered as high paying and on average the salary goes up to 16.3 lakhs per annum. The average salary ranges from 6.0 lakhs per annum to 35.0 lakhs per annum (Source). This salary bracket may differ due to various factors such as geographical location, skill sets, experience, type of company, etc.

Check out upGrad’s Global Doctor of Business Administration from the ACBSP-accredited Swiss School of Business and Management. The 36-months program caters to 75+ nationalities and provides 12+ specialisations and 70+ faculty industry collaborations to help you succeed. There are 1:1 thesis supervisions to ensure you exploit your potential in your domain of choice. 

The minimum requirement to pursue this degree is a Master’s Degree (or equivalent) or 5+ years of work experience. Don’t wait, sign up and book your seat today!

Is it easier to find a career opportunity with a PhD degree?

Based on my own experience and observations, pursuing a PhD, although demanding in terms of time and effort, can significantly broaden your career horizons. PhD holders are highly esteemed for their specialized knowledge, exceptional research skills, and critical thinking abilities. They find ample opportunities in academia, securing coveted positions as professors and researchers. Moreover, industries such as healthcare, finance, and technology highly value PhDs, often offering them lucrative roles in research and development, data analysis, and leadership.  

However, the ease of finding suitable job opportunities after phd in india can vary based on factors like your field of study and location. In India, PhD graduates can unlock diverse and rewarding career paths with the right set of skills and effective networking. The investment in higher education pays off in the form of fulfilling and promising professional opportunities.

T he landscape of job opportunities after a PhD in India in 2024 appears promising and diverse. The demand for highly skilled and specialized professionals continues to grow across various sectors. Whether you aspire to excel in academia, contribute to cutting-edg e research, or significantly impac t the corporate world, a PhD opens doors to numerou s avenues. The key lies in leveragin g your unique expertis e , networking effectively, and staying attuned to emerging trends in your field. With the right strategy and dedication, you can embark on a fulfilling and rewarding career journey, making your investment in a Ph .D. an asset in the dynamic Indian job market.  

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Frequently Asked Questions (FAQs)

Communication skills can effectively drive career potential since PhD holders are expected to deliver out-of-the-box thinking, management, and creative ways of solving problems via critical thinking. Developing communication skills is crucial in showcasing and presenting your ideas to technical and non-tech teams convincingly.

PhD holders have the upper hand over Master’s or Bachelors's students across industries due to their high-end skill sets that include critical thinking, problem-solving, and effective decision making. In addition, their unmatched research skills and data management abilities make them an obvious choice for a host of high-profile roles across industries.

The average salary of PhD holders ranges between ₹ 6,00,000 and ₹ 12,00,000 per year, depending on the field of choice, experience, and skillsets. The average base salary for a PhD holder working as a professor is ₹16,73,000 per year, approximately ₹90k per month).

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PhD Specialization: List, Admissions, Eligibility, after MBA, in India, Fees, Jobs, Salary Specializations in PhD After MBA

• May 13, 2024
• No Comments

In the rapidly growing world of career development and education people often look to intensify their academic qualifications and skills to stay in contact with their area of expertise. Pursuing a PhD after completing a Master of Business Administration (MBA) has emerged as a prominent selection for those seeking to enhance their skills, grow professionally, and for better income opportunities In India, where majorly all reputable and prestigious institutes and universities are located, it offers a hub of academic excellence in the academic region. It’s to dig deeper to understand all the crucial aspects of pursuing a PhD after an MBA in India which consists of various specializations, fees, eligibility criteria, admissions job prospects, and salary expectations. 

Table of Content

Various specializations in phd after mba, phd specialization: admissions process, job prospects and salary expectations, types of phd and their importance, tips and tricks for phd admission 2024 after mba.

There is various specialization that candidates can undertake to pursue PhD after Master of Business Administration are:  

• Management: Specializing in management studies through a PhD program provides a deep dive into advanced concepts like organizational behavior, strategic management, and leadership. This specialization prepares individuals for leadership roles in major areas like consulting, academics and corporate management. 
• Finance: A PhD in Finance focuses on advanced quantitative analysis, financial theory, and research methodologies. PhD can pursue a career in academic region, high-level financial analysis or financial research. 
• Marketing: The marketing specialization consists of advanced marketing strategies, market research and consumer behavior. PhD Graduates can pursue careers in advertising, marketing research, or various academic regions. 
• Human Resource Management: A PhD in HRM has its major key areas revolving around advanced organizational behavior, HRM theory, and human resource development. Graduates can also pursue careers in corporate HRM. HRM consulting, corporate HRM or various other Human resource fields. 
• Operations Management: MBA in Operations Management revolves around various advanced operations management concepts like, process optimization, supply chain management etc. Graduates can also pursue rewarding careers  in areas like logistics management, operations management, or other academic regions.

Eligibility Criteria

Admission to a PhD program after an MBA needs the student to possess a master’s degree in business administration in a relevant field from a reputable university or college. In fact, students are also needed to provide a strong academic record, a crisp and concise research proposal aligned with the selected specialization and some good years of work experience. The admission process also consists of a written entrance exam, further followed by an interview and/or presentation provided in the research proposal. 

Fees and Funding

The fees for a PhD course after an MBA differ based on the Research institution or university along with the and specialization taken into consideration. For acquiring the exact fee structure check the official website of the research institute or university. But to make the PhD course accessible for all, many universities offer grants, scholarships or assistantships to help procure expenses such as tuition fees, and basic living expenses for deserving aspirants. 

Duration of the Program

The duration of a PhD program after an MBA differs based on the specialization and the mode of education being selected by the aspirant. On an average, a full-time PhD course includes a time duration of generally 3 to 5 years to complete, while a part-time PhD course may take a longer duration and period of time due to the flexibility they offer to individuals like working professionals.

After fulfilling the PhD course successfully after the MBA course , there are some basic career prospects candidates can take for a good salary package. Some common job roles include: 

• Corporate Sector: Graduates can seek admission in roles including management trainees, enterprise analysts, and marketing executives in corporation businesses.   
• Entrepreneurship: Management calls for college students to equip the skills and know-how required to start their  very own organizational ventures.   
• Consultancy: Management professionals can emerge as experts, imparting professional solutions to groups on several control-associated problems.   
• Government Sector: Graduates can also locate opportunities in authorities’ corporations in roles that encompass administrative officers and control analysts.   
• Non-Profit Organizations: Management professionals are in demand of non-income agencies to manipulate their operations efficaciously. 

The salary expectancies for PhD Holders in management fields can range extensively relying on elements along with the character’s specialization, revel in, and the organization they work for. Also PhD Holders can anticipate to earn better salaries as compared to those with simplest MBA.

There are 2 distinctive types of PhD courses in India based on time duration : 

Full-Time PhD  

This PhD course has a typical framework of 3-6 years for completion and is completed as full time. Aspirants often take this course for higher education purposes,like assistant teacher etc. 

Part-Time PhD  

This course is taken by candidates who are working as working professionals or wish to pursue a PhD along with their usual work. Part- time PhD takes more time than a full-time PhD but aspirants need to take a few classes in order to pursue a part-time PhD.

H ere are some great tips and tricks for a successful PhD admission process after completion of a MBA program in 2024 : 

• Stay updated with crucial information 
• Practice and solve sample papers frequently 
• Prepare an exceptional Statement of Purpose 
• Seek guidance from previous alumni’s 
• Develop a study plan and revision plan 
• Prepare for interviews in the prior 
• Attend workshops and seminars related to your area of research

By following these tips and tricks you can enhance your chances of getting PhD admission quicker after MBA.

Pursuing a PhD after an MBA in India can be an enchanting and rewarding experience for people seeking to develop their careers in the field of management. With a diverse range of specializations to select from, along with a bunch of various awaiting  opportunities, India offers a favorable environment for those seeking to start on this intellectually growing  journey. So, whether you desire to become a sought-after consultant, reputable academician, or a visionary industry leader, a PhD after an MBA is the perfect course to undertake to pursue your PhD journey.

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Ph.D HRM Jobs, Scope, Salary in India

Ph.D. Human Resource Management jobs are available in both the public sector and as well as in the private sector. There are a lot of career options after Ph.D. HRM, they can work as Manager, PR, Human Resource Manager, HR Executive, HR Director, Personnel Manager, HRD Manager, Recruitment Manager, Chief Human Resource Officer, Administration Manager, IR Industrial Relations Manager, etc. Thus, the scope of Ph.D. HRM courses rise in demand.

Career Prospects and Job Scope for Ph.D HRM

Career prospects for a Doctorate of Philosophy in Human Resource Management greatly vary. Ph.D. HRM course has a lot of job scope in India depends on the respective specialization and demand. They can find job scope in areas like IT, Recruitment, Hospitality, Administration, Event Management, Business Management, Government, University Administration, and much more. Job opportunities for Ph.D. HRM is diversified into different sectors. The most common Ph.D. HRM jobs that hire doctorates are:

• Training & Development Officer
• Recruitment Consultant

Areas of Recruitment for Ph.D HRM

Ph.D. HRM course scope offers Human Resource Management doctorate education that can help to set up a career in various areas of the recruitment sector. The course mainly prepares students to work in creating the human relations industry in areas such as IT, Recruitment, Management, Business, Administration, etc. The course will teach students how to do recruitment, training development, motivate employees, maintain proper relations with employees and their trade unions. Thus, the scope after Ph.D. HRM is continuously rising. Some of the areas of recruitment for doctorates are:

• Administration
• Management Firms

Salary Packages for Ph.D HRM Doctorates

According to Naukri, Ph.D. Human Resource Management salary in India is around INR 4 - 10 LPA. The salary of the doctorates depends upon the level of education, grades and skills acquired. Some of the common job profiles with average salaries are:

Source: Naukri

Government Jobs for Ph.D HRM Doctorates

Ph.D. HRM career scope even extends into the government sector in different departments. According to Naukri, the salary of a Ph.D. HRM doctorates in India range around INR 3 - 8 LPA. Some government jobs with salaries are:

Private Jobs for Ph.D HRM Doctorates

Ph.D. HRM scope in India extends job opportunities in the private sector for doctorates. According to Naukri, the average salary for Ph.D. HRM doctorates in India are around INR 4 - 10 LPA. Some of the job designations with their salaries are:

Job Opportunities Abroad for Ph.D HRM Graduates

The jobs for Ph.D. HRM doctorates are not just available in India but are also available abroad. Doctorates can go for higher education to increase their chances of getting a job abroad. They can find Ph.D. HRM jobs in areas like IT, Recruitment, Management, Business, Administration, Education, Research & Development, Marketing, Consultation, Management Firms, etc.

Top Companies

Check the list below for the top recruiters that hire Ph.D. HRM doctorates:

• Mosteller & Associates

Best Countries

Below is the list of top countries offering job opportunities to doctorates:

• Switzerland

Various Career Designations Abroad for doctorates

Job profiles that attract Ph.D. HRM doctorates to work abroad:

• Deputy Manager
• HRM Generalist
• HR Executive

Famous Ph.D HRM Graduates

Ph.D. HRM courses are for those aspirants who are passionate about maintaining human relations in the management of the organization. The course will teach students how to recruit, plan, communicate, train, orient the employees to gain a competitive advantage. This course mostly includes planning, executing, and managing human resources. Famous HRM around the world are:

• Dave Ulrich
• Steve Browne
• Felicia Fields

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• Labour codes: Accelerating India’s Labour Law Revolution

India’s economic landscape has been undergoing significant transformations, driven by technological advancements, globalization...

• KPMG India Blog Home
• Parizad Sirwalla , Partner |

India's economic landscape has been undergoing significant transformations, driven by technological advancements, globalization, and evolving global geopolitical scenario. Amidst these changes, the introduction of new labour codes by the Indian Government aims to reshape the way companies compensate, regulate, and manage their workforce. In this dynamic environment, Indian companies must proactively prepare themselves to adapt to the new regulatory framework while remaining agile and competitive.

In furtherance of its motto of ease of doing business and with a view to harmonize the multiple labour legislations prevailing in the country, the government has consolidated 29 central labour laws (out of 44 existing central laws) into four labour codes i.e. Code on Wages, 2019; Code on Social Security, 2020; Industrial Relations Code, 2020 and Occupational, Safety, Health and Working Conditions Code, 2020 – (collectively referred to as the “Labour Codes”).

It is worthwhile to note that labour codes had received the approval of both houses of the parliament as well as Hon. President’s assent in the year 2019 and 2020 and the draft central rules on all the four labour codes have already been pre-published by the Central Government. As labour is a concurrent subject any change requires even the State Governments to be on board. As per the latest published data, many of the states and Union Territories had also published the state level draft rules for all four or few of the Labour codes. However, the final notification of making these codes effective is something which has been on the anvil for some time now.

With the groundwork laid and the spotlight on post-election priorities, the implementation of the labor codes may take center stage for the new government. But the pressing question remains: are businesses adequately prepared for this monumental shift?

As the countdown to potential enforcement begins, we have unveiled key strategies that companies may need to consider to stay ahead of the curve in India's evolving business landscape.

Analyzing the codes and assessing the financial impact

The first step in testing for readiness could be to understand the changes introduced by the new labour codes and its impact on the business from a financial perspective. Introduction of uniform definition of ‘wages’; social security benefits/scheme for ‘fixed term employees’, 'gig worker' and 'platform worker' etc. requires a detailed assessment of its impact on the existing compensation structure, social security contributions, retirement/terminal benefits payable to the employees.

The financial impact (if any) may need to be assessed when developing future business plans. Some of the big-ticket compensation elements which are likely to undergo a change and have a direct financial impact includes gratuity, provident funds, leave encashments, maternity benefits, overtime, etc.

Re-visiting / drafting new HR policies

There may be a need to identify the amendments to the HR policies and procedures to comply with the new labour codes. In this regard, the existing HR policies and processes relating to (but not limited to) the working hours, over-time, leave entitlements, provision of health benefits, grievance redressal mechanism, appointment letter, employing of contractual workers for business operations, fixed term staff, full and final settlements, etc may need to be re-visited. The changes may vary depending on the region and industry in which the company is operating.

New age businesses which engage employees in a more non-traditional manner – e.g., platform workers, gig workers could also have to factor in social security policies and benefits for this type of workforce.

Decode compliance requirements and training employees

To ensure adherence to the applicable labour laws and regulations, businesses would need to establish robust processes and systems as per the provisions of the new labour codes. Companies should adopt a proactive approach in identifying and addressing new/modified compliance requirements under the new labour codes.

Companies may need to focus on investing in upgrading their compliance processes including technology and training of the employees responsible for carrying out the labour law compliances to ensure smooth implementation and transition to the new labour codes.

Aligning internal systems with updated reporting requirements

Implementation of new labour codes may necessitate significant changes as to how companies manage employee data and track compliance. This could lead to the need for modifications to existing IT systems, including:

• Payroll Systems:  New regulations regarding minimum wages, overtime pay, leave entitlements, gratuity payouts, etc. might require updates to payroll calculations and reporting functions;
• HR management software (‘HRMS’):  Any changes to record-keeping requirements, additional benefits, administration of employee facilities might necessitate adjustments to HRMS functionalities.

By proactively identifying and addressing potential IT system issues, companies can ensure a smooth transition to compliance with new labour codes.

Becoming future ready for the new labour codes as and when enacted requires a proactive outlook and multi-faceted approach. By analyzing the impact of changes, conducting a comprehensive review of existing policies and compliance requirements, building a cross-functional team and keeping the internal systems ready can help with smooth transition to the labour codes.

A version of this article was published on May 06, 2024 by The Times of India

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Parizad Sirwalla

Partner, National Head – Tax, Global Mobility Services

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