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Ford India, the subsidiary of United States-based automaker Ford on Thursday said it has arrived at ...
Indias Most Preferred airline, SpiceJet has announced that it had made the temporary decision to pu...
An Indian online food ordering and delivery platform, Swiggy delivery partners in Chennai are on str...
A Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment Honda has overpaid bonuses to the employees. During COVID -19 there had been increased inflation. On the other hand, many companies have laid off their employees and have also frozen their hiring. However, now Honda on the other end has paid excess bonuses […]
Ritesh Agarwal, the Founder, and CEO of OYO, earned Rs. 5.6 crore in compensation in the last fiscal year, an increase of 250 percent from the year before, according to the firm’s filing with market regulator SEBI. Salary Cuts According to the regulatory filing, it showed that the company has cut the salaries of employees and bonus expenses significantly. Apart […]
The Sikkim government has hiked the minimum wage for unskilled workers by 67 percent. Now, the current effective wages will be Rs 500. Labour Minister Lok Nath Sharma said that the minimum wage for daily wage for unskilled workers is increased from Rs. 300 to Rs. 500 effective from July 11, 2022. The labourers will be given […]
As major relief to over 1,000 protesting workers of General Motors India’s plant in Talegaon, Pune, the Bombay High Court has upheld the Pune Industrial Court’s directive to the auto major to pay 50% salary to the employees. In July 2021, the Industrial Court in Pune directed the Indian unit of General Motors to pay […]
The Germany Carrier, Lufthansa Airlines Group has agreed to pay increased salaries to its pilots at Lufthansa and Lufthansa Cargo. During the coronavirus, the airline terminated the agreement and started to set up a new airline with lower pay scale conditions. Michael Niggemann, Chief Human Resources Officer and Labor Director of the Deutsche Lufthansa Airlines […]
IT major, Capgemini has announced the launch of its ninth Employee Share Ownership Plan (ESOP). This new employee share ownership plan is offered to approximately 97% of the employees and is part of the Group’s policy to associate all employees with its development and performance. This ESOP will be implemented through a capital increase reserved […]
The top global steel company, Tata Steel Jamshedpur has announced 20% annual bonus and a Rs 20K goodwill bonus. This year, the bonus amount will be credited to employees’ bank accounts by September 15, ahead of Durga Puja, according to Union officials. The company will disburse Rs.317.51 crore annual bonus for 23,710 employees for the year […]
India’s most preferred airline, SpiceJet financial crisis is hurting employees. Earlier, Chief Financial Officer Sanjeev Taneja had also quit the organization due to concerns over mounting losses. It is now reported that the airline company has emerged in failing to deposit PF in employees’ accounts. A SpiceJet spokesperson said, “There has been certain deferral on discharging […]
According to media reports, India’s largest IT services provider, Tata Consultancy Services (TCS) has stopped its anniversary appraisal policy for newly joined lateral employees, effective from April 1, 2022. Under the anniversary appraisal policy, a newly joined employee gets an appraisal when completes a full year of service in TCS from the date of joining. Instead of this, […]
India’s largest IT services firm, Tata Consultancy Services (TCS) clarified that it has not delayed payments of variable pay to its employees for Q1. The company further clarified that it is normal to give it in the first or second month and said, “All our compensation and bonus cycles are as per plan.” The email sent by […]
The microblogging platform, Twitter has recently informed its employees that they would be receiving only half of their annual bonus. As per report, the employees are receiving this due to economic uncertainty plaguing the company. The company shot off an email in which it blamed financial pressure for the move on the decision to trim […]
India’s second-largest IT services company Infosys has scaled back the average variable payout of employees to about 70 per cent for the June quarter amid margin squeeze and high employee costs, according to sources. Recently, Wipro held back the variable pay of employees mainly due to pressure on margins, inefficiency in its talent supply chain, […]
