From worst paymaster to best earner, CLSA's key findings about Indian firms

HDFC's salary per employee highest, YES Bank workforce grew 34% in FY17, shows CLSA report

If you thought job losses and lack of employment opportunities was one of the greatest problems facing Indian companies, think again. The workforce of YES Bank, for instance, grew by 34 per cent in 2016-17 over a year earlier to 20,000. Its staff cost during the year increased 39 per cent, reveals a report by brokerage and investment firm CLSA.

The report also observes that HDFC’s earnings per employee was Rs 3.2 crore in 2016-17, compared with the average of a low Rs 27 lakh for BSE 500 companies. It added through Reliance Jio, employment opportunities were created directly