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: Oct 2024

Compensation

SpiceJet Resolves Financial Woes Clears Salary, GST, PF Dues

Oct 5, 2024

Samsung India Addresses Worker Strike Willing to Negotiate

As the strike by more than , workers at Samsung Indias plant in Sriperumbudur enters its third ...

Compensation

Sep 28, 2024

Latest news: Samsung India Addresses Worker Strike Willing to Negotiate - SightsIn Plus

High-Stakes Offer by Boeing Wage Hike and , Bonus

In a significant development amid ongoing contract negotiations, Boeingthe aerospace gianthas put ...

Compensation

Sep 25, 2024

Latest news: High-Stakes Offer by Boeing Wage Hike and , Bonus - SightsIn Plus

SpiceJet Prioritizes Clearing Long Pending Dues Amidst Funding

SpiceJet, the Indian low-cost carrier, has emerged from the brink of collapse with a much-needed fin...

Compensation

Sep 24, 2024

Latest news: SpiceJet Prioritizes Clearing Long Pending Dues Amidst Funding - SightsIn Plus

Compensation

Accenture Adapts Promotion Timeline Amid Industry Turbulence

Accenture Plc, a global technology and consulting giant, has announced a significant change in its promotion timeline. The company said in a statement, “We are permanently changing our primary promotion date from December to June, which is when we have better visibility of our clients’ planning and demand.” This decision reflects the broader uncertainty affecting […]

Sep 18, 2024

Compensation

Wipro Announces 8% Salary Hikes for Top Performers in 2024

Indian IT giant Wipro Limited has taken a significant step to boost employee morale and retention by rolling out salary hikes for its workforce. Starting from September 2024, top performers within the company are set to receive an average increment of 8 per cent. This move represents an improvement over last year’s average hike of […]

Sep 18, 2024

Compensation

Capgemini Launches Eleventh Employee Share Ownership Plan

In a move that underscores its commitment to employee participation and shared ownership, Capgemini has officially launched its eleventh Employee Share Ownership Plan (ESOP). This strategic initiative aims to associate nearly 97% of the company’s employees with its growth trajectory and performance. As the 2019 ESOP reaches its term, this new plan ensures that Capgemini’s […]

Sep 12, 2024

Compensation

Revolt Motors Offers Every Employee with ESOPs on Anniversary

Revolt Motors, India’s leading electric motorcycle company, has marked its 7th anniversary with a bold and inclusive step: the introduction of an Employee Stock Ownership Plan (ESOP) for all its employees. This move breaks away from the traditional model of reserving ESOPs solely for senior management, emphasizing the importance of every team member’s contribution. Revolt […]

Sep 12, 2024

Compensation

Kerala’s Onam Bonanza; Rs 4,000 Bonus for 1.3 Million Employees

In a heartwarming gesture ahead of the festive season, the Kerala government has announced special Onam bonus for its employees. The move aims to recognize their contributions and provide financial relief during the auspicious occasion of Onam. Onam Bonus and Special Festival Allowance As part of the Onam celebrations, the Kerala government has approved a […]

Sep 9, 2024

Compensation

Renault Third Consecutive Share Ownership Plan Launched

Renault Group, the renowned automotive manufacturer, is reinforcing its commitment to employee share ownership. The company has launched its third consecutive employee share ownership plan. This initiative is part of the broader Renaulution strategy, aimed at enhancing employee engagement, fostering a sense of ownership. It also aims to aligning the workforce with the company’s long-term […]

Sep 7, 2024

Compensation

Poonawalla Fincorp Boosts Employee Benefits with Stock Options

Poonawalla Fincorp, a prominent financial services provider in India, has taken a significant step to enhance its employee benefits package. The company recently announced the issuance of 500,000 stock options to eligible employees under its Employee Stock Option Plan (ESOP) for the year 2024. This move reflects Poonawalla Fincorp’s commitment to recognizing and rewarding its […]

Sep 5, 2024

Compensation

IIT Bombay Minimum Salary Package Hits a New Low; Rs 4 Lakh

In a surprising turn of events, the Indian Institute of Technology (IIT) Bombay has witnessed a significant drop in its minimum salary package during the recent placement season. While the average annual package has seen a slight increase, the decline in the lowest offer has raised concerns within the education industry. The Numbers Minimum Salary […]

Sep 3, 2024

Compensation

Infosys Q1 Triumph; Employees Celebrate 80% Bonus Bonanza

In a move that has uplifted the spirits of its workforce, Infosys—the renowned IT services firm—has initiated performance bonus pay-outs for eligible employees in the fiscal year 2024-25. The average bonus stands at an impressive 80% for the first quarter ending June. This substantial increase from the previous quarter’s 60% bonus reflects Infosys’s commitment to […]

Aug 23, 2024

Compensation

Debate Over TCS ₹7.5 LPA Package for CA Role, is it enough?

Tata Consultancy Services (TCS) has extended job offers to newly qualified Chartered Accountants (CAs) with a total cost-to-company (CTC) of ₹7.5 lakhs per annum. This recent development has ignited discussions across professional circles. However, this seemingly modest compensation package has raised eyebrows and prompted intense debate within the CA community. The Offer Details TCS, a […]

Aug 22, 2024

Compensation

Bengaluru Saarthi AI CEO’s Passport Stolen Amid Layoffs

Saarthi AI, an artificial intelligence startup headquartered in Bengaluru, finds itself embroiled in a complex web of financial and legal troubles. The company, which recently underwent mass layoffs in pursuit of profitability, now faces allegations of unpaid salaries and an unusual claim from its CEO, Vishwa Nath Jha. Background: Mass Layoffs and Financial Strain at […]

Aug 20, 2024

Compensation

Odisha Joins Bihar and Kerala by Announcing Menstrual Leave

The Odisha government has announced a new policy granting one-day menstrual leave to women employees in both the public and private sectors. This initiative, revealed during the Independence Day celebrations in Cuttack by Deputy Chief Minister Pravati Parida, allows women to take leave on either the first or second day of their menstrual cycle. The […]

Aug 19, 2024