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

Defence Civilian Staff to Receive -Day Bonus for FY -

Nov 15, 2024

Paytm Rewards Employees with Lakh Shares in Latest ESOP

Paytm parent company, One Communications Limited, has announced the allocation of over lakh equi...

Compensation

Nov 9, 2024

Latest news: Paytm Rewards Employees with Lakh Shares in Latest ESOP - SightsIn Plus

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 fo...

Compensation

Nov 9, 2024

Latest news: TCS Cuts Variable Pay for Senior Staff Amid Economic Challenges - SightsIn Plus

DTDC Express Boosts Health and Wellness Initiatives for Staff

DTDC Express, the Indian express logistics firm, has recently rolled out a comprehensive set of heal...

Compensation

Oct 30, 2024

Latest news: DTDC Express Boosts Health and Wellness Initiatives for Staff - SightsIn Plus

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

Compensation

SpiceJet Resolves Financial Woes; Clears Salary, GST, PF Dues

In a significant development, crisis-hit SpiceJet, which has been grappling with financial challenges, recently made significant strides in addressing its outstanding obligations. The airline, having raised Rs 3,000 crore through a Qualified Institutional Placement (QIP) of shares, announced that it has successfully cleared several key dues. SpiceJet Financial Woes: Salary, GST Dues Cleared and Provident Fund […]

Oct 5, 2024

Compensation

Samsung India Addresses Worker Strike; Willing to Negotiate

As the strike by more than 1,000 workers at Samsung India’s plant in Sriperumbudur enters its third week, the South Korean electronics giant finds itself at a crossroads. The management’s response has been closely scrutinized, and the company now asserts its willingness to engage in direct negotiations with the striking workers to find an amicable […]

Sep 28, 2024

Compensation

High-Stakes Offer by Boeing; 30% Wage Hike and $6,000 Bonus

In a significant development amid ongoing contract negotiations, Boeing—the aerospace giant—has put forth what it terms its “best and final offer” to striking union machinists. This offer includes substantial wage increases and larger bonuses, aiming to resolve the labor dispute that has affected operations since September 13, 2024. Boeing Offer Details Boeing’s latest proposal addresses […]

Sep 25, 2024

Compensation

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 financial lifeline. The airline successfully raised Rs 3,000 crore through a Qualified Institutional Placement (QIP), drawing interest from global investors, including marquee names like Goldman Sachs and Morgan Stanley. This fresh infusion of capital is a critical step in SpiceJet’s […]

Sep 24, 2024