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The Sikkim government has hiked the minimum wage for unskilled workers by percent. Now, the curre...
As major relief to over , protesting workers of General Motors Indias plant in Talegaon, ...
The Germany Carrier, Lufthansa Airlines Group has agreed to pay increased salaries to its pilots at ...
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 […]
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 […]
Billionaire Mukesh Ambani for the second year in a row drew no salary from his flagship firm Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy. In its latest annual report, Reliance said Ambani’s remuneration for the financial year 2020-21 was “nil”. In June 2020, Mukesh […]
Refyne has announced its salary on-demand service that is available on WhatsApp. It will help employees access their paychecks in real-time. It will provide customers with a fast, seamless, and convenient way to access their salaries in real-time. The users can simply send a WhatsApp to Refyne. The company will then guide them through some quick […]
The leading global professional services organization, Ernst & Young Global Ltd. (EY) U.S. employees’ paycheques were accidentally reversed by the payroll provider ADP. The salary was erroneously reversed on EY’s July 15 payroll impacting the US employees. The company was working urgently with ADP to fix the error. This has affected all of its roughly 55,000 US […]
The company mistakenly paid 286 times an employee his salary last month. The company paid the employee 165,398,851 Chilean pesos (Rs 1.42 crore), instead of 500,000 pesos (Rs 43,000). This incident took place in the human resources area of Consorcio Industrial de Alimentos (Cial). On May 30, one of the company’s workers approached the deputy manager of […]
As entry-level employees in India’s IT companies continue to rise faster, the IT firms are now focusing on hiring fresh graduates and increasing their salaries. Apparao V.V., Chief Human Resources Officer, HCL Technologies said, “The salaries for entry-level engineers have been revised to Rs 4.25 lakh this year from Rs 3.65 lakh. We are also […]
According to TOI report, DXC Technology, a global technology company has said that it is going to regularise its salary review process and expedite the hiring in 2021. Mary E Finch, CHRO and EVP, DXC Technology said in a statement that one of her first initiatives was the Pay the People campaign. “There was no regular pay […]
Citigroup slashes CEO’s pay by 21%, to $19 million Citigroup Inc said late on Friday that outgoing Chief Executive Officer Mike Corbat’s compensation for 2020 would be $19 million, a 21% decrease from 2019, according to a regulatory filing. Company directors reduced Corbat’s incentive pay for his failures to efficiently address the risk and control […]
7th Pay Commission: Central govt employees may start getting more salary from next year While the COVID-19 pandemic has resulted in a massive economic slowdown, forcing the government to slash to Dearness Allowance (DA) at the previous rate, there might be some good news waiting for the employees. The central government employees and pensioners were […]
JPMorgan Chase plans to freeze salaries for most employees JPMorgan Chase & Co plans to freeze salaries for most employees with titles of vice president and above even as it expects to increase bonuses for some traders as much as 20%, according to a person familiar with the matter. The plans come as bank executives […]
Variable Compensation and Its Relevance in the ‘New Normal’ All organizations value their human capital which is the most critical part of any organization’s success. In order to attract and retain talent in a tight volatile market, it’s imperative to offer compelling compensation and benefits packages to its employees. In most of the organizations, employee […]
