Latest Salary Hike HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Salary Hike.
Salary cuts are getting rolled back, getting back to Normal? After reducing salaries owing to the pa...
Tech Mahindra to roll out salary hikes in early According to a money control report, IT service...
Reliance Industries rolls back salary cuts, announces performance bonus According to an ET report, R...
Mindtree announces salary hike, effective January 1, 2021 Larsen & Toubro (L&T) -owned, IT services firm, Mindtree has announced the salary hike for employees effective January 1, 2021. Mindtree had 21,827 employees at the end of the September quarter. Mindtree CEO & MD Debashis Chatterjee said, “the company completed its promotion cycle in the second quarter, and […]
HCL to hire 12K freshers this year, rolling out salary increments too Indian IT service exporter, HCL Technologies will hire 12,000 freshers for FY21 from campuses. The company has already hired close to 3,000, and the rest would be on-boarded in the next two quarters, said VV Apparao, Chief Human Resources Officer, HCL Tech. Apparao said, […]
Infosys announces Salary Increment from Jan 2021, 100% Variable Pay, Special Bonus in Dec Quarter India’s 2nd largest IT services firm, Infosys has announced to roll out 100% variable pay in the July-September quarter along with a one-time special incentive to junior-level employees for the Q2. And the company will also be giving out salary […]
Quick Heal announces the salary hike from October 2020 After hiring over 150 new employees during the pandemic-related lockdown, home-grown cybersecurity solutions company Quick Heal Technologies Ltd. on Monday said it is moving for an annual increment for its employees in October. Quick Heal said it will continue hiring and training fresh minds, creating a considerable talent pool of highly […]
After HDFC & ICICI banks, now Axis gives salary hikes to its employees Axis Bank is increasing staff salaries between 4% and 12% from October 1, 2020, based on performance. The bank which has about 76,000 employees, also paid bonuses to its staff. HDFC Bank boosted salaries in April based on performance and also paid […]
Tata Consultancy Services declares a pay hike for employees, effective October 1, 2020 India’s biggest IT company TCS has announced that the salary hike for its employees will be rolled out effective October 1, 2020. The company consolidated headcount stood at 453,540 as of September 30, 2020. TCS said it is continuing investments in organic […]
IT major, Infosys has started to make some decisions on promotions and salary hikes for some employees and will review it by the end of the current quarter, which ends in September Salil Parekh, CEO, Infosys said in an interview, “We had an extremely high variable pay number last quarter, and will continue with that […]
HCL Technologies suspends wage hikes for FY21, hiring to continue in coming quarters based on need Speaking on the Q1 result announcement, Prateek Agarwal, CFO, HCl Technologies said “the company has decided to suspend wage hikes for the year due to the pandemic.” “We hired 2,000 laterals and on-boarded 1,000 freshers in Q1 and will […]
Capgemini India rolls out wage hikes and promotions effective 01 July 2020 Admit the COVID-19 pandemic when most companies in India have withheld salary hikes and effected pay cuts, Capgemini has rolled out wage hikes and promotions for all its employees in India. The quantum of hikes is said to be in high single digits. In April, the […]
Consulting firm PricewaterhouseCoopers (PwC India) has said it will announce promotions, compensation revisions, and bonus payouts for employees on October 1, 2020. The Company said, Performance scores for FY20 have already been shared with staff, and promotions and compensation changes will probably be introduced on October 1 and be efficient from that date. “Today we […]
Despite the lockdown due to coronavirus pandemic, French car manufacturer, Renault India is giving a pay hike of 15% to its employees and promotions for the fiscal year 2021. The company is giving the pay hike to 250 employees and promotions to over 30 executives, with effect from August 2020. The salary hike of Renault […]
India Inc can expect double-digit salary hike this year TimesJobs survey reveals that a majority (28%) of HR professionals feel that the IT sector will outshine other sectors this appraisal season IT sector to roll out highest appraisals in 2020; IT, Sales, and Marketing professionals to bag maximum hike Location-wise, country’s IT capital, Bengaluru, would […]
