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: Jul 2024

Compensation

EPFO Gains Strength Establishments Contribute , Crore

Jul 16, 2024

HCLTech CEO C. Vijayakumar No Attendance-Linked Variable Pay

In a recent interview, C. Vijayakumar, Chief Executive Officer CEO and Managing Director MD of H...

Compensation

Jul 16, 2024

Latest news: HCLTech CEO C. Vijayakumar No Attendance-Linked Variable Pay - SightsIn Plus

TCS Completed Annual Salary Increments Successfully in Q

Tata Consultancy Services TCS, Indias largest IT services company, has kicked off the fiscal year...

Compensation

Jul 13, 2024

Latest news: TCS Completed Annual Salary Increments Successfully in Q - SightsIn Plus

EPFO Recovers Crore Dues from SpiceJet A Closer Look

The Employees Provident Fund Organisation EPFO has recently made headlines by recovering cror...

Compensation

Jul 13, 2024

Latest news: EPFO Recovers Crore Dues from SpiceJet A Closer Look - SightsIn Plus

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

Compensation

Cognizant delays salary increments until the August quarter

An American multinational information technology services and consulting company, Cognizant has postponed its annual salary increases by four months, intending to implement them for eligible employees starting from August 1. Last year, the Nasdaq-listed firm provided raises to employees in April 2023. As reported by Economic Times, confirming the development, Cognizant stated, “We are committed […]

Apr 6, 2024

Compensation

Flipkart introduces new salary structure and bonus plan

As per Mint’s report, Flipkart, the e-commerce platform, has revamped its salary increment policy, dividing annual raises into two parts instead of immediately reflecting them in an employee’s pay structure. According to the updated policy of Flipkart, the total salary won’t immediately reflect the increase. The company will raise salaries in two parts as follows: […]

Mar 21, 2024

Compensation

TCS plans 7-8% average salary increase for offsite staff

Tata Consultancy Services (TCS) is preparing to introduce salary increments for its workforce in the approaching fiscal period. In a move anticipated to uplift the spirits of employees, the company is gearing up to implement a salary hike effective April 1st. As the new financial year unfolds, this boost in remuneration promises to bring a […]

Mar 19, 2024

Compensation

Average India increment is expected to be 9.0% in 2024, Deloitte

As India Inc. continues to grow, its workforce becomes more diverse and gets younger every year. HR leaders’ top priority remains striking a balance between delivering value to stakeholders and managing the aspirations of this dynamic workforce. According to Deloitte India Talent Outlook 2024, the average India increment is expected to be 9.0 percent in […]

Mar 16, 2024