Latest Compensation & Benefits HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Compensation & Benefits.
Most IT services-providing companies have announced Nilless salary increments or deferred salary hi...
An all-in-one X delivery platform, Mukesh-Isha Ambani-backed startup Dunzo is unable to pay salar...
An Indian multinational information technology services and consulting company,nbspLTIMindtree rol...
IT major, Hexaware Technologies gives 100% variable pay to its employees. And the exceptional performers will be receiving 120% variable pay. Vinod Chandran, Chief Operating Officer & HR head at Hexaware Technologies said, “Our determination to go above and beyond in our variable payouts is a testament to our belief that when we support our […]
The 2nd largest tea brand globally, Tetley will be increasing the salary of employees by 7% salary. The raise will be effective from 1 April 2023. This will benefit roughly 200 employees working for Tata Consumer Products, the manufacturer of Tetley goods for Canada and the UK. Other Companies Salary Increase / Announcements Tech Mahindra […]
An Indian multinational information technology company, Infosys employees will receive 80% of their variable pay in the June quarter. Some of the top performers have received payouts of 95% as reported by TOI. However, in April, Infosys said that the average variable payout for Q4FY23 was reduced to 60 percent at an organizational level. And in last […]
An Indian multinational corporation providing information technology, consultant, and business process services, Wipro CHRO said that there will be no more hiring with 30% hike. Due to the current market situation of economic slowdown and lower hiring environment, the company’s Chief Human Resources Officer Saurabh Govil said that IT professionals should focus on upskilling. Wipro […]
The Indian startup employees got an average salary increment of 8 to 12 percent in 2022-2023. Dipesh Jain, AVP – Talent, Elevation Capital said, “The shift in the market situation has led to a correction in salaries, though largely at the leadership level.” “Interestingly, on the other hand, job seekers are willing to wait longer […]
An Indian low-cost airline, InterGlobe Aviation Limited (IndiGo) has announced a salary hike for pilots and cabin crew effective October 1, 2023. The airline’s senior vice president of flight operations Ashim Mitra said in a memo, “While we regained and started to build our financial strength over this past year, we reviewed and reinstated salaries […]
Earlier reports in February said that an American multinational corporation and technology company Intel Corp will reduce the salary of 5% of base pay for mid-level employees and a 25% reduction in CEO Pat Gelsinger’s salary. “As we continue to navigate macroeconomic headwinds and work to reduce costs across the company, we’ve made several adjustments to […]
A former employee Radhaballav Nath of ManpowerGroup Service Private Limited has cheated his employer of over Rs 4 crore by adding his unemployed wife to the payroll for 10 years. According to Mony Control, ManpowerGroup Service Private Limited was investigating the financial crime and was questioning its data privacy measures. The company came to know […]
A specialist in digital transformation, consulting, and business re-engineering services, Tech Mahindra defers salary hikes for senior employees due to a huge drop in net profile in Q1FY24. The decision follows as the quarter nose-diving profits and EBIT margins decline. The company’s EBITDA at USD 163 mn; down 33.7% QoQ, down 31.8% YoY; Margin at […]
Byju’s employee Akansha Khemka from Kolkata has burst into tears in a video message company is forcing her to resign and threatening to withhold her salary beyond August 1. She has been seeking support from the government for saving employees from a ‘toxic‘ work culture. Akansha Khemka has recently shared a LinkedIn Post saying, “I […]
An all-in-one 24X7 delivery platform, Dunzo has promised its employees to pay 12% yearly interest on held-back salaries. The employees will receive interest on the difference amount. To briefly explain the structuring of interest if the employee’s salary is Rs.50,000 and the employee has been paid Rs.25,000. The 12% interest will be on the difference of […]
EY released its Future of Pay 2023 report highlighting talent, attrition, and compensation trends across sectors in India Inc. According to the report, sectors that were severely impacted by the pandemic are experiencing a resurgence. The report estimates average salaries in India to increase by 10.2 per cent in 2023, lower in comparison to 10.4% (Actuals) […]
