Explore the latest Compensation news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
Deloitte, one of the Big Four accounting firms, has introduced a new policy linking office attendanc...
Cognizant has addressed concerns about delayed salary hikes, confirming that merit increases for eli...
LTIMindtree, one of Indias leading IT services companies, has introduced a new appraisal syst...
Cognizant Technology Solutions Corp., a leading global IT services company, has recently announced the deferral of its annual salary hikes for employees by four months. Initially scheduled for April 2025, the pay increases will now be implemented in August 2025. This decision has sparked significant discussion within the industry, with many attributing the move to […]
In a recent townhall meeting, Cognizant CEO Ravi Kumar S addressed employee concerns regarding the company’s bonus structure and the status of delayed salary hike letters. The townhall aimed to provide clarity on the company’s compensation plans and reassure employees about the company’s commitment to rewarding performance. The townhall provided an opportunity for employees to […]
Tata Consultancy Services (TCS), India’s largest IT services provider, is set to roll out annual salary hikes for the fiscal year 2025, with average increases ranging between 4% and 8%. Offsite employees can expect a hike of 7-8%, while onsite employees may receive a lower increment of 2-4%. To reward excellence, high-performing employees could see […]
Maharashtra government has announced a 3% increase in the Dearness Allowance (DA) for state government employees. This decision comes after an eight-month-long wait and addresses the demands of various employee associations who had been advocating for a hike since July 2024. The announcement, which includes the payment of arrears, is expected to benefit approximately 1.6 […]
Infosys, India’s third-largest IT services company, has announced salary hikes for its employees, with increments ranging from 5% to 8% based on their base salary. The salary hikes, which were rolled out on February 24, 2025, will be effective from April 1, 2025. This move is part of the company’s annual appraisal cycle and aims […]
Meta, the parent company of Facebook, Instagram, and WhatsApp, recently laid off 3,600 employees, only to announce a significant increase in executive bonuses shortly thereafter. The decision, which has been met with backlash from both the public and former employees, highlights the growing disparity between executive compensation and the treatment of regular workers in the […]
Capgemini, a global leader in consulting, technology services, and digital transformation, has announced the introduction of an Employee Stock Ownership Plan (ESOP) for 7,500 of its employees in India. This initiative is part of the company’s ongoing efforts to enhance employee engagement and reward its workforce for their contributions to the company’s success. The ESOP […]
Infosys, one of India’s leading IT services companies, has announced a reduction in performance bonuses for the third quarter ending December 2024. The company has decided to offer an average of 80% of the target bonus to its eligible employees, a decrease from the previous quarter’s payout. This decision comes ahead of the anticipated annual […]
India’s largest IT services company, Tata Consultancy Services (TCS), is set to roll out annual salary increases for the fiscal year 2025 (FY25) in March, with payouts starting in April. The hikes are expected to average between 4-8%, according to sources familiar with the matter. The average hike was 7-9% in FY24 and 10.5% in […]
Infosys, one of India’s leading IT services providers, has announced plans to issue salary increment letters by the end of February 2025. The company has revealed that the average salary hikes will range between 5% to 8%, effective from April 2025. This decision comes as Infosys anticipates a rise in technology budgets and an overall […]
Infosys, one of India’s leading IT services companies, is set to release annual salary hike offers to its employees by the end of March 2025. This announcement comes as a relief to employees who have been eagerly awaiting updates on their compensation revisions. Employees have welcomed the news of the salary hikes, which come after […]
Tata Consultancy Services (TCS), India’s largest software exporter, has announced a reduction in variable pay for senior employees for the second consecutive quarter. This decision comes despite senior employees adhering to the company’s work-from-office norms. Responding to queries, a TCS spokesperson stated, “We don’t comment on speculation.” The company has not provided a detailed explanation […]
