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Tata Consultancy Services TCS, Indias largest IT services firm, has rolled out variable pay ...
Union Cabinet has given in-principle approval for the formation of the th Pay Commission, which wil...
Tata Consultancy Services TCS, Indias largest IT services firm, has announced a payout of Qu...
Tata Consultancy Services (TCS), India’s largest IT services firm, has reaffirmed its commitment to delivering wage hikes for its 600,000+ employees, despite macroeconomic headwinds and margin pressures. Speaking after the release of the Q1 FY26 results, Chief Financial Officer Samir Seksaria emphasized that employee compensation remains a top priority, stating, “My priority is getting back […]
Tata Consultancy Services (TCS), India’s largest IT services firm, has officially confirmed that employee salary hikes remain on hold due to persistent global market volatility. The announcement was made by Chief Human Resources Officer Milind Lakkad following the company’s Q1 FY26 earnings report, reinforcing a cautious approach to compensation amid economic headwinds. Milind stated, “We […]
Tata Consultancy Services (TCS), India’s largest IT services firm, is facing growing employee dissatisfaction following changes to its Quarterly Performance Bonus (QPB) policy. The revised framework links bonus eligibility to physical office attendance, prompting concerns about fairness, transparency, and alignment with evolving work models. The policy update, implemented via the company’s internal HR portal, stipulates […]
Amazon has introduced a new appraisal system that formally integrates its 16 Leadership Principles into employee evaluations. The revamped model, rolled out during the mid-year review cycle of 2025, marks the first time these principles—such as customer obsession, frugality, and inventiveness—will directly influence decisions on salary hikes, promotions, and performance improvement plans. Under the new […]
Haryana Government has announced a revised wage structure for part-time and daily wage employees, effective from January 1, 2025. The update was formalized through a notification issued by Chief Secretary Anurag Rastogi, and applies to workers employed under the Haryana Kaushal Rozgar Nigam (HKRN). The revision introduces two salary slabs, offering greater transparency and equitable […]
As the government prepares the groundwork for the 8th Central Pay Commission (CPC), a long-standing demand from central government pensioners may finally see resolution. The commission is likely to review and potentially reduce the 15-year commuted pension deduction period to 12 years. This change could significantly improve the financial well-being of millions of retirees. The […]
Kirloskar Oil Engines Limited (KOEL) has appointed Sharukh Vazifdar as its new Head of Compensation & Benefits. With over two decades of experience in rewards strategy, HR transformation, and organizational design, Sharukh’s appointment marks a pivotal moment in KOEL’s journey toward aligning people practices with business growth and innovation. The Pune-headquartered engineering giant, known for […]
India’s automotive industry is set to offer an average salary hike of 10.1% in FY26, marking the fifth consecutive year of double-digit increments. Deloitte’s Performance and Rewards Trends Study reports that the automotive industry will see a 10.1% salary increase in FY26. This growth surpasses the 8% average salary hike observed across other Indian sectors. […]
Deloitte, one of the Big Four accounting and consulting firms, has added a playful twist to its employee well-being strategy. As of June 1, 2025 — the start of its fiscal year — the company’s U.S. employees can now get reimbursed for buying Lego sets and puzzles, as part of its $1,000 annual well-being subsidy. […]
L’Oréal Groupe has announced the expansion of its global employee share ownership plan, reinforcing its commitment to inclusive value sharing and long-term employee engagement. This marks the fifth consecutive year of the initiative, allowing employees across 62 countries to invest in the company at a discounted rate. With over 45,000 employees already shareholders, nearly half […]
8th Pay Commission is set to bring significant changes to the salary structure of over one crore central government employees and pensioners. Expected to be implemented by January 1, 2026, the commission will revise salaries, pensions, and allowances, directly benefiting 50 lakh employees and 65 lakh pensioners. Over the years, the salary calculation system has […]
Infosys, India’s second-largest IT services company, has launched a cash incentive program for senior employees participating in lateral hiring interviews. Effective from January 1, 2025, this initiative is designed to increase employee involvement in recruitment efforts. It also seeks to tackle talent shortages in specialized fields like artificial intelligence, cloud computing, and cybersecurity. The program […]
