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: Aug 2024

Compensation

Cognizant Defends Competitive Entry-Level Pay for Engineers

Aug 19, 2024

Cognizant criticized for low salary hikes, Inaugurates new office

Cognizant Technology Solutions is under scrutiny for offering meager salary hikes to its employees, ...

Compensation

Aug 17, 2024

Latest news: Cognizant criticized for low salary hikes, Inaugurates new office - SightsIn Plus

Bridging the Skills Gap Cognizant Rs . LPA Offer Under Scrutiny

The Indian IT industry is no stranger to heated debates over fresher salaries, but the recent uproar...

Compensation

Aug 14, 2024

Latest news: Bridging the Skills Gap Cognizant Rs . LPA Offer Under Scrutiny - SightsIn Plus

General Motors Talent Strategy Rules of Performance Evaluation

In a strategic move aimed at staying competitive in an evolving automotive industry, General Motors ...

Compensation

Aug 3, 2024

Latest news: General Motors Talent Strategy Rules of Performance Evaluation - SightsIn Plus

Compensation

EPFO Gains Strength: 27 Establishments Contribute ₹1,688 Crore

In a significant development, 27 establishments have voluntarily surrendered their exemption status over the past two years, resulting in the addition of approximately 30,000 employees to the Employees’ Provident Fund Organisation (EPFO). These establishments have collectively contributed ₹1,688.82 crore to the EPFO fund, reinforcing the organization’s financial stability and commitment to employee welfare. Background and […]

Jul 16, 2024

Compensation

HCLTech CEO C. Vijayakumar: No Attendance-Linked Variable Pay

In a recent interview, C. Vijayakumar, Chief Executive Officer (CEO) and Managing Director (MD) of HCLTech, clarified the company’s stance on variable pay and attendance. Despite India’s third-largest IT services company asking employees to report to the office thrice a week or face disciplinary action, HCLTech has no intention of linking variable pay to attendance. HCLTech’s CEO […]

Jul 16, 2024

Compensation

TCS Completed Annual Salary Increments Successfully in Q1

Tata Consultancy Services (TCS), India’s largest IT services company, has kicked off the fiscal year 2024-25 on a positive note by completing its annual salary increments in the first quarter. IT giant rolled out a 4-5 percent increment, along with double-digit hikes for top performers as announced by the company during the Q4 earnings conference […]

Jul 13, 2024

Compensation

EPFO Recovers ₹61 Crore Dues from SpiceJet: A Closer Look

The Employees’ Provident Fund Organisation (EPFO) has recently made headlines by recovering ₹61 crore in provident fund dues from SpiceJet, a prominent player in India’s aviation industry. This development sheds light on the financial health of the airline and its commitment to meeting its obligations toward employees. EPFO vs. SpiceJet: Background SpiceJet, like many other […]

Jul 13, 2024

Compensation

C&B Trends in 2024, Does Gender Pay Gap Exist in Tech Industry?

In a comprehensive compensation & benefits (C&B) survey of over 6,000 technology professionals across India, ANSR and Talent500 shed light on compensation and benefits priorities. They have uncovered critical insights into the evolving strategies for attracting and retaining top talent. Compensation & Benefits Survey 2024: Compensation Disparities Hyper-Personalized Benefits Upskilling and Career Development The GCC […]

Jul 12, 2024

Compensation

Air India Increases Pilot Salaries by 15,000, adds Bonus

A Tata Group owned, Air India has increased the salaries of their employees and also will provide annual performance bonuses with effect April 1. The Junior First Officers will not receive the salary hike for the current cycle. Additionally, the airline will provide an annual performance bonus up to Rs 1.8 lakh. As per the […]

May 24, 2024

Compensation

Byju’s pays April salary in full except for sales employees

Amid financial turmoil, Byju’s, the embattled ed-tech firm, has ensured payroll for all departments except sales personnel, despite grappling with funding shortages. Previously, the company postponed salary (February and March) disbursements for two consecutive months, subsequently issuing partial payments to employees later in each respective month. The situation arises as Byju’s grapples with a severe […]

May 4, 2024

Compensation

IndiGo rewards employees with a bonus equal to 1.5 months’ salary

According to Business Standard, India’s preferred airline, IndiGo declared a special one-time bonus for all its employees, equal to 45 days of basic salary. The company has announced the Thank You Bonus equivalent to 1.5 months’ basic salary, will be disbursed as ex-gratia payment along with the May 2024 salary. Recently, IndiGo has commenced a […]

May 3, 2024

Compensation

Koo Halts Salary, Seeks Strategic Partners Amid Financial Woes

Koo, the indigenous microblogging platform, has disclosed its suspension of April’s salary payments due to financial challenges. The decision, unveiled during an early April Zoom meeting with staff, stirred astonishment and apprehension, particularly as the company had purportedly not forewarned of such measures beforehand. Co-founder Mayank Bidawatka shared a LinkedIn post saying, “I spoke about us […]

Apr 26, 2024

Compensation

TCS requires 60% office attendance for variable pay

According to the media reports, a global leader in IT services, consulting, and business solutions company, Tata Consultancy Services (TCS) requires 60% office attendance for variable pay. According to a Times of India report, Tata Consultancy Services (TCS) has updated the following policies: According to the reports, the policy said, “If an employee is found […]

Apr 23, 2024

Compensation

Has TCS granted pay hikes based on office attendance?

Tata Consultancy Services (TCS), a prominent IT services firm, has announced salary increments ranging from 4.5% to 7%, contingent on performance. The high-performing employees will receive double-digit pay hikes. According to a Mint report, TCS has also assessed Office Attendance before giving pay hikes to over 6,00,000 employees. Milind Lakkad, Chief HR Officer said, “We are pleased to […]

Apr 22, 2024

Compensation

TCS announces salary hike for top performers in double digits

An Indian multinational information technology services and consulting company, Tata Consultancy Services (TCS) announced annual increments in double-digit hikes for top performers starting from April 1. Milind Lakkad, Chief HR Officer, said: “We are pleased to announce the annual increments for our workforce, as we have done consistently every year, with top performers receiving double-digit hikes.” Salary hikes will […]

Apr 13, 2024