Latest Salary Hike HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Salary Hike.
The employees who are working with IT companies are experiencing a mixed bag of salary increments. M...
Most IT services-providing companies have announced Nilless salary increments or deferred salary hi...
An Indian multinational information technology services and consulting company,nbspLTIMindtree rol...
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 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 […]
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 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 […]
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) […]
Many employees face work culture struggle. Recently, for the first time, a video has been circulating by Twitter and LinkedIn users showing a heated conversation between employees at BYJU’s office. Female staff can be heard saying in the video that I am screaming because I am going mad. The conversion is between a female employee […]
This salary data came from an internal spreadsheet shared among Google employees that contained information on more than 12,000 US workers. In the middle of layoffs and a salary freeze, Google is paying its employees a high salary. Google employees were reported to have earned an average total compensation of $279,802 (approximately Rs. 2.3 crore) in […]
Telecom companies Airtel and Vodafone Idea have rewarded their employees with 7-8 per cent pay increments for the financial year 2023 (FY23). Airtel has given top talent a 110 percent bonus, and Vodafone Idea followed with a 100 percent bonus. However, Reliance Jio has not announced the increments till now. Increment plays an important role […]
India’s largest IT services provider firm, Tata Consultancy Services (TCS) has announced a salary hike for its employees, despite the 200-bps impact on the company’s operating margin. TCS CFO Samir Seksaria said, “The annual pay hikes effective from April 1, would result in a 200-basis-point hit on the operating margin, which currently stands at 23.2%.” The […]
India’s largest IT services firm, Tata Consultancy Services (TCS) reported its consolidated financial results for Q1FY24 the quarter ending June 30, 2023. The IT giant reported a 16.84 per cent year-on-year (YoY) rise in its consolidated net profit. But on a quarter-on-quarter (QoQ) basis, TCS’ consolidated net profit was down 2.8 per cent. K Krithivasan, […]
