Explore the latest Compensation news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
According to Business Insider reports, an American multinational technology company, Amazon corporat...
An American multinational investment bank and financial services corporation, Citigroup Chief Execut...
As we look toward , there are several trends that are likely to shape the way employers approach...
An Indian multinational corporation, Wipro has reduced the employee’s salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh per annum. Wipro provides training to freshers employees. This gives an opportunity to the Elite fresher candidate to upgrade to the ‘Turbo’ category. This also upgrades the salary package of employees. Now, As per […]
As per reports, an Indian multinational corporation, Wipro rolls out 87% of the variable quarterly pay to over 80% of its workforce. However, Wipro’s remaining employees will receive variable pay based on the unit’s target achievement. The company will pay variable pay for the third quarter that ended in December along with February month’s salary. […]
According to Bloomberg reports, A German multinational investment bank and financial services company, Deutsche Bank, announced that the bank will cut bonuses for staff misusing WhatsApp messaging services for business communications. Currently, Deutsche Bank said in a statement, “We have a consequence management framework in place.” “Depending on the quantity and quality of violations this will also […]
AON India recently conducted the most recent edition of its twelfth yearly Executive Rewards Survey that has found that Top executives to receive an average salary hike of 9.1% in 2023. The survey had the following finding:- “Senior executives’ salary increases continue to focus on pay at risk, indicating the emphasis on rewarding executives for […]
An American multinational technology company, Google CEO Sundar Pichai & Senior Executives to Take Pay Cut as part of the company’s cost-cutting measures. Google CEO Sundar Pichai clarified that the supposed cut would be a very significant reduction in their annual bonus. This has come as a clarification when CEO Sundar Pichai was questioned during […]
An American multinational technology company, Google has delayed the Year-end bonus checks for employees due to the transition to a new performance management system. According to the CNBC report, Google initially pays an 80% advance bonus to eligible employees. The advance bonus will be paid in January, and the remaining 20% in March or April. However, […]
According to reports, an American multinational information technology services and consulting company, Cognizant‘s new CEO Ravi’s total yearly compensation will be Rs 57 crore. In 2019–20, Mukesh Ambani’s annual salary was Rs 15 crore. Recently, Cognizant announced the appointment of Ravi Kumar S as CEO and a member of the Board, effective immediately. He replaced outgoing Brian Humphries […]
An American multinational technology company, Apple Chief Executive Officer (CEO) Tim Cook will take a 40% pay cut in 2023. The pay cut was based on the balance sheet feedback, Apple’s exceptional performance, and a recommendation. The current salary of Tim Cook was USD 49 million (Rs 3,98,75,71,000) in 2023. Earlier, Tim Cook earned USD 99.4 million […]
India’s largest IT major, As per the reports, Tata Consultancy Services (TCS) has decided to give 100 percent variable pay to almost all junior-level employees of its workforce for the quarter that ended in December, Q3FY23. On the other end, the senior employees will get their variable pay based on business performance. Additionally, the amount […]
The Department of Expenditure, under the finance ministry, has updated the rules for claiming house rent allowance (HRA). There are three cases where government employees are not entitled to HRA. The HRA will be provided to Central Government Employees and is calculated based on the pay drawn in the 7th Pay Commission (7th CPC) recommendations, […]
A Taiwanese container transportation and shipping company, Evergreen has announced bonuses worth 50 months’ salary. The amount for bonuses for employees varies depending on an employee’s job grade and function and is only applicable to staff. The company has added this is the year-end bonuses are always based on the company’s performance for the year. Evergreen […]
During the period of pregnancy, many female employees lose their jobs. As per the recent Telegraph report, a 34-year-old woman, Charlotte Leitch had only recently joined Essex-based CIS services firm but only a couple of weeks later her employer fired her. She won compensation of nearly Rs. 15 lahks after she was fired for “being […]
