Latest Compensation HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Compensation.
An Indian multinational information technology services and consulting company, Tata Consultancy Ser...
According to Economic Times report, Tata Group senior officials have received huge increments rangin...
Pay transparency and salary details have increased significantly with job postings in India in recen...
An Indian multinational corporation providing information technology, consultant, and business process services, Wipro CHRO has said that there will be no more hiring with 30% hike. According to media reports, 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 […]
Earlier in December, Gautam Adani took over the control of New Delhi Television Ltd (NDTV.NS) as the company’s founders decided to sell most of their shares. The Adani Group took control of about 65% of the Indian broadcaster. Now, NDTV has raised the salaries for all verticals and the appraisal process has been transparent. The overall salary […]
For the financial year 2022-23, Infosys Chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services rendered to the company. The break-up of the remuneration includes fixed salary – base salary, retiral benefits, total fixed salary, bonus/ incentives/ variable pay, perquisites on account of stock options exercised, and commission. The company has just […]
According to Inc 42 reports, Broker Network has burnt over INR 280 Cr in less than 18 months. Additionally, the company has not paid salaries to more than 150 employees since November 2022. As per the current status, the company is left with no money. However, the founder Rahul Yadav reportedly maintained a luxurious lifestyle […]
The Ernst & Young (EY) organization has announced that 966 people have been promoted to partner across the globe, reflecting continued growth and strong business performance by the organization. Similarly, emerging markets represent a third of new partners, at 33%. The significant number of partner promotions demonstrates the Ernst & Young (EY) commitment to offering […]
According to a report of Business Today, Infosys CEO Salil Parekh’s total salary has been reduced for the financial year 2022-23. The report also suggested that his salary is higher than the average Infosys employee. The average Infosys employee earned Rs 10.3 lakh in the fiscal year 2022-23. The salary for FY23 is Rs 56.44 […]
An Indian multinational information technology services provider company, HCLTech has recently changed its HR policy related to employee compensation. The company has revised its Engagement Performance Bonus (EPB) a performance-linked variable pay. EPB is a part of the variable pay of the employees. The company has now decided to pay EPB on a quarterly basis instead […]
A multinational corporation that provides information technology, consultant, and business process services, Wipro Chairman Rishad Premji has taken a 50 percent voluntary cut in his salary for the fiscal year 2023. Rishad Premji will receive $951,353 in total annual compensation in FY23. This is almost 50 per cent of FY22, his total compensation in FY22 […]
An Indian budget airline, SpiceJet has completed 18 years of flying. The airline commenced its first commercial flight on May 23, 2005, flying from Delhi to Ahmedabad. The company will hike the salary of the captains to Rs.7.5 lakhs per month for flying 75 hours. Apart from this, as part of its ongoing 18th-anniversary celebrations, the […]
An American multinational technology corporation, Microsoft employees aren’t getting salary raises this year. Chief Marketing Officer Chris Capossela has suggested to employees the best way to boost pay is- by working to push the company’s stock higher. Microsoft’s Chief Marketing Officer said in an internal communication to employees, “The most important lever for almost all of […]
A multinational corporation that provides information technology, consultant, and business process service, Wipro has an allotment of approximately 3,98,733 shares to its eligible employees as stock options through an exchange filing. 3,96,893 shares were given under the ADS Restricted Stock Unit Plan 2004,1840 were allocated under the Restricted Stock Unit Plan 2007. According to reports, […]
India’s second-largest IT giant Infosys said that the average variable payout for Q4FY23 has been reduced to 60 percent at an organization level. The employees will receive individual emails regarding the Payout. The variable pay would be disbursed along with the May salary. In Q1FY23, Infosys had lowered variable payout to 70 percent, which was then […]
