Explore the latest Compensation news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
An Indian multinational information technology services and consulting company, Tata Consultancy Ser...
According to Economic Times report, Tata Group senior officials have received huge increments rangin...
An Indian multinational corporation providing information technology, consultant, and business proce...
Earlier in December, Gautam Adani took over the control of New Delhi Television Ltd (NDTV.NS) as the company’s founders decided to sell most of their shares. The Adani Group took control of about 65% of the Indian broadcaster. Now, NDTV has raised the salaries for all verticals and the appraisal process has been transparent. The overall salary […]
For the financial year 2022-23, Infosys Chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services rendered to the company. The break-up of the remuneration includes fixed salary – base salary, retiral benefits, total fixed salary, bonus/ incentives/ variable pay, perquisites on account of stock options exercised, and commission. The company has just […]
The Ernst & Young (EY) organization has announced that 966 people have been promoted to partner across the globe, reflecting continued growth and strong business performance by the organization. Similarly, emerging markets represent a third of new partners, at 33%. The significant number of partner promotions demonstrates the Ernst & Young (EY) commitment to offering […]
According to a report of Business Today, Infosys CEO Salil Parekh’s total salary has been reduced for the financial year 2022-23. The report also suggested that his salary is higher than the average Infosys employee. The average Infosys employee earned Rs 10.3 lakh in the fiscal year 2022-23. The salary for FY23 is Rs 56.44 […]
An Indian multinational information technology services provider company, HCLTech has recently changed its HR policy related to employee compensation. The company has revised its Engagement Performance Bonus (EPB) a performance-linked variable pay. EPB is a part of the variable pay of the employees. The company has now decided to pay EPB on a quarterly basis instead […]
Tax exemption limit on leave encashment increased to Rs 25 lakh for non-government salaried employees. The tax exemption on leave encashment of non-government salaried employees (in respect of the period of earned leave at his credit at the time of his retirement, whether on superannuation or otherwise) was earlier up to a limit of Rs.3 […]
A multinational corporation that provides information technology, consultant, and business process services, Wipro Chairman Rishad Premji has taken a 50 percent voluntary cut in his salary for the fiscal year 2023. Rishad Premji will receive $951,353 in total annual compensation in FY23. This is almost 50 per cent of FY22, his total compensation in FY22 […]
An Indian budget airline, SpiceJet has completed 18 years of flying. The airline commenced its first commercial flight on May 23, 2005, flying from Delhi to Ahmedabad. The company will hike the salary of the captains to Rs.7.5 lakhs per month for flying 75 hours. Apart from this, as part of its ongoing 18th-anniversary celebrations, the […]
A multinational corporation that provides information technology, consultant, and business process service, Wipro has an allotment of approximately 3,98,733 shares to its eligible employees as stock options through an exchange filing. 3,96,893 shares were given under the ADS Restricted Stock Unit Plan 2004,1840 were allocated under the Restricted Stock Unit Plan 2007. According to reports, […]
India’s second-largest IT giant Infosys said that the average variable payout for Q4FY23 has been reduced to 60 percent at an organization level. The employees will receive individual emails regarding the Payout. The variable pay would be disbursed along with the May salary. In Q1FY23, Infosys had lowered variable payout to 70 percent, which was then […]
According to the reports of Livemint, An American multinational technology corporation, IBM employee has been on sick leave since 2008. He sued his company for discrimination because he did not receive a raise. He claimed, however, that he was a victim of ‘disability discrimination’ since his income had not been increased in the 15 years he […]
An American multinational technology corporation, Microsoft won’t raise the salary of employees this year for full-time employees. According to Reuters, a spokesperson for the tech giant said, “We recognize that navigating both a dynamic economic environment and a major platform shift requires us to make critical decisions in how we invest in our people, our […]
