Latest Compensation HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Compensation.
The Germany Carrier, Lufthansa Airlines Group has agreed to pay increased salaries to its pilots at ...
IT major, Capgemini has announced the launch of its ninth Employee Share Ownership Plan ESOP. This...
The top global steel company, Tata Steel Jamshedpur has announced annual bonus and a Rs K good...
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 Most Preferred airline, SpiceJet has delayed the disbursal of salaries for the second straight month. The airline said that the payments will be made in a “graded format”. The employees on Wednesday informed about the delay. This is the second time that the company has delayed the salaries. The company has to release Form 16 for the financial […]
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, […]
India’s largest IT services firm, Tata Consultancy Services (TCS) has delayed variable compensation payments to select employees by about a month for the June 2022 quarter. Recently, Bengaluru-based, Wipro also held back the variable pay of some employees while trimming the percentage of the compensation for freshers. However, TCS claims all its compensation and bonus […]
A lot of IT companies in India have struggled with significant attrition rates over the previous several quarters. To address this issue companies have decided to revise their salaries. Many IT companies, Wipro, Infosys, and TCS have announced initiatives, including compensation increases and bonus payments to retain personnel. The following are the details of IT […]
India’s IT major, Wipro is holding back the variable payouts of Q1, June 30 ending quarter for mid to senior-level employees. According to the people that are aware of the matter informed said that it is due to the pressure on operating margins. However, the freshers and the employees till the position of the team leaders […]
Advisory firm Institutional Investor Advisory Services India Limited (IiAS) has opposed the proposal to reappoint Vijay Shekhar Sharma as the Chief Executive Officer (CEO) of Paytm for another five years. The advisory firm is also against the reappointment of Ravi Chandra Adusumalli as Paytm director. IiAS is a proxy advisory firm that provides suggestions to funds on […]
The oil company, Shell is handing nearly all of its 82,000 staff a bonus equivalent to 8% of their salary after it reported record profits amid soaring energy prices. The British multinational is making the one-off payment to the vast majority of its employees around the world, only excluding those on its executive committee, executive […]
India’s largest passenger airline, IndiGo is planning to restore the salaries of pilots by 6 percent from September 2022. The airline is planning to bring back the salaries of pilots to pre-COVID levels by November 2022. Another 6 percent hike is planned for November. According to reports, the airline has already reinstated overtime allowance for […]
