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: Apr 2024

Compensation

Cognizant delays salary increments until the August quarter

Apr 6, 2024

Flipkart introduces new salary structure and bonus plan

As per Mints report, Flipkart, the e-commerce platform, has revamped its salary increment pol...

Compensation

Mar 21, 2024

Latest news: Flipkart introduces new salary structure and bonus plan - SightsIn Plus

TCS plans - average salary increase for offsite staff

Tata Consultancy Services TCS is preparing to introduce salary increments for its workforce in the...

Compensation

Mar 19, 2024

Latest news: TCS plans - average salary increase for offsite staff - SightsIn Plus

Average India increment is expected to be . in , Deloitte

As India Inc. continues to grow, its workforce becomes more diverse and gets younger every year. HR ...

Compensation

Mar 16, 2024

Latest news: Average India increment is expected to be . in , Deloitte - SightsIn Plus

Compensation

FIITJEE withholds salaries, citing a need for increased productivity

FIITJEE, as per Money Control, has frozen employee salaries, citing the necessity for heightened productivity, reflecting issues within the coaching institute regarding financial management and workforce efficiency. The company operates over 100 study centres in the country and has a workforce of about 4,000 teaching and non-teaching employees. As per the report, Dinesh Kumar Goel, […]

Mar 13, 2024

Compensation

9.6% average salary hike for India Inc in 2024; attrition dropped

The EY report suggests that India Inc. is set for an average salary increase of 9.6% in 2024, similar to the actual increase in 2023. Abhishek Sen, Partner and Leader, Total Rewards, HR Technology and Learning, People Advisory Services, EY India said, “As we unveil our second edition of the ‘Future of Pay’ report, we provide industry stakeholders […]

Mar 7, 2024

Compensation

Wipro to offer employees 85% variable pay component

According to Financial Express report, a leading technology services and consulting company, Wipro plans to offer its employees an average 85% variable pay for the third quarter of the ongoing fiscal year. The company provided an average variable pay of 80% in the previous two quarters. The report also stated that Wipro’s recent email to employees […]

Mar 2, 2024

Compensation

Salary hike at manufacturing firms likely to be 10.1%

According to the Annual Salary Increase and Turnover Survey 2023-24 India by Aon plc, a prominent global professional services firm, salaries in India are projected to rise in 2024. The survey revealed that salaries in India are expected to increase by 9.5 percent in 2024, a slight drop compared to the actual increase of 9.7 […]

Feb 23, 2024

Compensation

Tips for Negotiating Your Salary at the Job Offer

Many individuals find themselves in a challenging position when it comes to salary negotiations. The fear of potentially jeopardizing a job offer or feeling uncomfortable discussing compensation can often lead to settling for less than what is actually deserved. However, with the right approach and preparation, you can effectively navigate this process and secure a […]

Feb 23, 2024

Compensation

Tech salaries are hit up to 40% as economic slowdown takes its toll

In the wake of an unprecedented economic slowdown, the technology industry is experiencing a significant blow to its once-flourishing job market. As companies struggle to adapt and survive in these challenging times, tech professionals are now facing substantial cuts to their salaries. The economic downturn on tech salaries, shedding light on the challenges faced by […]

Feb 19, 2024

Compensation

Sterlite Technologies (STL) announces salary cuts by 15 to 25%

As per multiple media reports, Sterlite Technologies Limited (STL), a prominent global provider of optical and digital solutions, has implemented salary reductions ranging from 15% to 25%. In light of the prevailing market conditions and to position the company for sustained success in the long term is reducing the salary for its employees. This decision […]

Feb 17, 2024

Compensation

Infosys Variable payout for Q3 is down to 73% from 80% in Q2

Indian IT giant Infosys reduced its average variable pay to 73% given to its employees for the third quarter of the current fiscal. However, earlier the company rolled out variable payouts of around 80% for the previous two quarters. According to Financial Express, the IT giant had reduced its variable pay to 60% for the […]

Feb 15, 2024

Compensation

PwC delays graduates’ promotion amid slowdown in client demand

A multinational professional services brand of firms, PricewaterhouseCoopers (PwC) is delaying the promotions of graduates amid a slowdown in client demand. The decision specifically affected the graduates who joined PwC’s consulting practice in late 2022. As reported by the reports of Financial Times, due to limited workload, certain junior consultants in the UK will be required to […]

Feb 15, 2024

Compensation

TCS to link promotions with return to office: Report

According to TOI, Indian IT major, Tata Consultancy Services (TCS) is linking promotions, hikes, and variable payout complying with its recent return-to-office policy. The report also suggested that the IT giant is tracking the work from office attendance after which the company will be rolling out promotions. The unit heads have written to their respective […]

Feb 1, 2024

Compensation

Infosys continues to defer the roll-out hikes in January

The IT major, Infosys had earlier deferred the salary hikes of their employees and it was expected the company to roll out the salary hike in December. However, the recent report of TOI stated that some of the employees will receive their hikes in January as some of the business units are finalizing their budgets. On the […]

Dec 26, 2023

Compensation

Infosys hands out salary hike letters, average pay hike below 10%

According to ET report, an Indian multinational information technology company, Infosys handed over salary hike letters to a large number of employees on Friday, Dec 15, 2023. It does not include reviews for entry-level workers of the IT services major, according to people aware of the matter, the ET report added. The average hike this […]

Dec 16, 2023