Compensation: HR News, Trends & Workplace Insights

Explore the latest Compensation news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.

Updated on: Nov 2024

Compensation

OpenAI Employees Cash Out Shares Worth . Billion

Nov 30, 2024

Capgemini ESOP Plan Attracts Thousands of Global Employees

Capgemini, a global leader in business and technology transformation, has announced the resounding s...

Compensation

Nov 28, 2024

Latest news: Capgemini ESOP Plan Attracts Thousands of Global Employees - SightsIn Plus

Citigroup Offers Bonuses to Retain Wealth Management Staff

Citigroup Inc., the Wall Street banking giant, has announced special retention bonuses for dozens of...

Compensation

Nov 28, 2024

Latest news: Citigroup Offers Bonuses to Retain Wealth Management Staff - SightsIn Plus

Infosys Hands Out Bonus Amidst Revenue Growth

Infosys, one of Indias leading IT services companies, has announced an impressive average...

Compensation

Nov 27, 2024

Latest news: Infosys Hands Out Bonus Amidst Revenue Growth - SightsIn Plus

Compensation

Defence Civilian Staff to Receive 40-Day Bonus for FY 2023-24

Ministry of Defence has announced a 40-day productivity-linked bonus (PLB) for eligible civilian employees of AOC and Indian Army. This bonus applies to the financial year 2023-24. This decision, backed by presidential sanction, acknowledges the essential contributions of these employees to national defence. Defence Civilian Staff: Eligibility and Coverage The PLB covers Group B (Non-Gazetted) […]

Nov 15, 2024

Compensation

Paytm Rewards Employees with 4 Lakh Shares in Latest ESOP

Paytm parent company, One97 Communications Limited, has announced the allocation of over 4 lakh equity shares to its employees under the Employee Stock Option Plan (ESOP). This move is part of Paytm’s ongoing commitment to incentivize and retain its top talent, especially in a competitive market environment. ESOP Allocation Details and Impact The company has […]

Nov 9, 2024

Compensation

TCS Cuts Variable Pay for Senior Staff Amid Economic Challenges

Tata Consultancy Services (TCS) has announced a reduction in the variable pay of its senior staff for the July-September quarter due to a challenging demand environment and economic uncertainties. This decision comes as the company navigates through a period of slower growth and market volatility. TCS Variable Pay Reduction Details TCS has linked the variable […]

Nov 9, 2024

Compensation

DTDC Express Boosts Health and Wellness Initiatives for Staff

DTDC Express, the Indian express logistics firm, has recently rolled out a comprehensive set of health and wellness initiatives aimed at enhancing the well-being of its operational staff and delivery associates. These initiatives come as part of the company’s commitment to prioritize the health and happiness of its workforce during the festive season. Financial Security […]

Oct 30, 2024

Compensation

Assam Government Approves 3% DA Hike for Employees

Assam government, led by Chief Minister Himanta Biswa Sarma, has approved a 3% increase in dearness allowance (DA). Effective from July 2023, this decision aligns the state’s DA rate with that of central government employees, bringing it to a total of 53%. Assam Government DA Hike: Key Details The revised DA will be reflected in […]

Oct 29, 2024

Compensation

Pension Paperwork Made Easy; Central Govt’s Latest Move

The Department of Pension and Pensioners’ Welfare has recently rolled out a significant change in the pension application process for retiring central government civil employees. This move aims to streamline the submission of nominations related to pension arrears and pension commutation. New Form: Simplifying Pension Claims The centerpiece of this transformation is the newly introduced Single […]

Oct 24, 2024

Compensation

Wipro Rolls Out Salary Hikes After Nine-Month Delay

Wipro, one of India’s leading IT services companies, has announced a merit-based salary hike for its employees, effective from September 1, 2024. This decision comes after a nine-month delay due to macroeconomic uncertainties. The announcement was made by Wipro’s CEO, Srinivas Pallia, during the company’s Q2 FY25 results press conference. The salary hike announcement is […]

Oct 22, 2024

Compensation

Dearness Allowance Hiked by 3% for Central Govt Employees

The Union Cabinet has delivered an early Diwali gift to Central Government employees by approving a 3% increase in Dearness Allowance (DA). This decision comes just in time for the festive season, providing crucial financial relief to millions of government employees across the country. What Is Dearness Allowance (DA)? Dearness Allowance is a cost-of-living adjustment […]

Oct 17, 2024

Compensation

HUL Executive Director HR Draws Attention with Rs 9 Crore CTC

In a significant development, Hindustan Unilever Limited (HUL) has allocated an eye-popping annual gross remuneration package of Rs 9,06,98,632 for its Executive Director – Human Resources, Biddappa Bittianda Ponnappa. Biddappa holds the postion of Executive Director and Chief People, Transformation and Sustainability Officer for HUL and Unilever, South Asia. HR Leadership Transition at HUL B […]

Oct 15, 2024

Compensation

HCLTech Boosts Employee Morale; 7% Salary Hike and More

HCL Technologies (HCLTech), a leading global IT services company, has made a significant announcement regarding salary hikes for its employees. As of October 2024, the company is implementing a 7% salary increase across the board. However, the real highlight lies in the additional rewards for top performers, who are set to receive raises of up […]

Oct 15, 2024

Compensation

Swiggy Grants ESOPs to Founder and Top Management

Swiggy, the popular food and grocery delivery platform, has made headlines by granting a substantial amount of employee stock options (Esops) to its founder, Sriharsha Majety, and other key executives. As the company gears up for its initial public offering (IPO), this move reflects its commitment to rewarding and retaining top talent. Swiggy ESOPs: Key […]

Oct 9, 2024

Compensation

Infosys, HCLTech, and LTIMindtree Shift Wage Hikes to Q3

In a strategic move aimed at managing costs and sustaining profitability, several major Indian information technology (IT) companies have decided to defer their wage hikes to the third quarter of FY25. Among the firms making this shift are Infosys, HCLTech, LTIMindtree, and L&T Tech Services. Wage Hikes Shift: Context The global demand environment for IT services has […]

Oct 5, 2024