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: Sep 2024

Compensation

SpiceJet Prioritizes Clearing Long Pending Dues Amidst Funding

Sep 24, 2024

Accenture Adapts Promotion Timeline Amid Industry Turbulence

Accenture Plc, a global technology and consulting giant, has announced a significant change in its p...

Compensation

Sep 18, 2024

Latest news: Accenture Adapts Promotion Timeline Amid Industry Turbulence - SightsIn Plus

Wipro Announces Salary Hikes for Top Performers in

Indian IT giant Wipro Limited has taken a significant step to boost employee morale and retention by...

Compensation

Sep 18, 2024

Latest news: Wipro Announces Salary Hikes for Top Performers in - SightsIn Plus

Capgemini Launches Eleventh Employee Share Ownership Plan

In a move that underscores its commitment to employee participation and shared ownership, Capgemini ...

Compensation

Sep 12, 2024

Latest news: Capgemini Launches Eleventh Employee Share Ownership Plan - SightsIn Plus

Compensation

Revolt Motors Offers Every Employee with ESOPs on Anniversary

Revolt Motors, India’s leading electric motorcycle company, has marked its 7th anniversary with a bold and inclusive step: the introduction of an Employee Stock Ownership Plan (ESOP) for all its employees. This move breaks away from the traditional model of reserving ESOPs solely for senior management, emphasizing the importance of every team member’s contribution. Revolt […]

Sep 12, 2024

Compensation

Kerala’s Onam Bonanza; Rs 4,000 Bonus for 1.3 Million Employees

In a heartwarming gesture ahead of the festive season, the Kerala government has announced special Onam bonus for its employees. The move aims to recognize their contributions and provide financial relief during the auspicious occasion of Onam. Onam Bonus and Special Festival Allowance As part of the Onam celebrations, the Kerala government has approved a […]

Sep 9, 2024

Compensation

Renault Third Consecutive Share Ownership Plan Launched

Renault Group, the renowned automotive manufacturer, is reinforcing its commitment to employee share ownership. The company has launched its third consecutive employee share ownership plan. This initiative is part of the broader Renaulution strategy, aimed at enhancing employee engagement, fostering a sense of ownership. It also aims to aligning the workforce with the company’s long-term […]

Sep 7, 2024

Compensation

Poonawalla Fincorp Boosts Employee Benefits with Stock Options

Poonawalla Fincorp, a prominent financial services provider in India, has taken a significant step to enhance its employee benefits package. The company recently announced the issuance of 500,000 stock options to eligible employees under its Employee Stock Option Plan (ESOP) for the year 2024. This move reflects Poonawalla Fincorp’s commitment to recognizing and rewarding its […]

Sep 5, 2024

Compensation

IIT Bombay Minimum Salary Package Hits a New Low; Rs 4 Lakh

In a surprising turn of events, the Indian Institute of Technology (IIT) Bombay has witnessed a significant drop in its minimum salary package during the recent placement season. While the average annual package has seen a slight increase, the decline in the lowest offer has raised concerns within the education industry. The Numbers Minimum Salary […]

Sep 3, 2024

Compensation

Infosys Q1 Triumph; Employees Celebrate 80% Bonus Bonanza

In a move that has uplifted the spirits of its workforce, Infosys—the renowned IT services firm—has initiated performance bonus pay-outs for eligible employees in the fiscal year 2024-25. The average bonus stands at an impressive 80% for the first quarter ending June. This substantial increase from the previous quarter’s 60% bonus reflects Infosys’s commitment to […]

Aug 23, 2024

Compensation

Debate Over TCS ₹7.5 LPA Package for CA Role, is it enough?

Tata Consultancy Services (TCS) has extended job offers to newly qualified Chartered Accountants (CAs) with a total cost-to-company (CTC) of ₹7.5 lakhs per annum. This recent development has ignited discussions across professional circles. However, this seemingly modest compensation package has raised eyebrows and prompted intense debate within the CA community. The Offer Details TCS, a […]

Aug 22, 2024

Compensation

Bengaluru Saarthi AI CEO’s Passport Stolen Amid Layoffs

Saarthi AI, an artificial intelligence startup headquartered in Bengaluru, finds itself embroiled in a complex web of financial and legal troubles. The company, which recently underwent mass layoffs in pursuit of profitability, now faces allegations of unpaid salaries and an unusual claim from its CEO, Vishwa Nath Jha. Background: Mass Layoffs and Financial Strain at […]

Aug 20, 2024

Compensation

Odisha Joins Bihar and Kerala by Announcing Menstrual Leave

The Odisha government has announced a new policy granting one-day menstrual leave to women employees in both the public and private sectors. This initiative, revealed during the Independence Day celebrations in Cuttack by Deputy Chief Minister Pravati Parida, allows women to take leave on either the first or second day of their menstrual cycle. The […]

Aug 19, 2024

Compensation

Cognizant Defends Competitive Entry-Level Pay for Engineers

IT giant, Cognizant Technology Solutions has responded to recent social media criticism regarding its entry-level salary packages, emphasizing that it offers competitive pay for fresh engineering graduates. The IT giant clarified that salaries for fresh engineers range from Rs 4 to 12 lakh annually, depending on the role, skill set, and industry certifications. The lower […]

Aug 19, 2024

Compensation

Cognizant criticized for low salary hikes, Inaugurates new office

Cognizant Technology Solutions is under scrutiny for offering meager salary hikes to its employees, following a four-month delay in the rollout. According to sources, the increments range from as low as 1% to a maximum of 5%, depending on employee performance ratings. Those with a rating of 3 have reportedly received a hike between 1% […]

Aug 17, 2024

Compensation

Bridging the Skills Gap; Cognizant Rs 2.5 LPA Offer Under Scrutiny

The Indian IT industry is no stranger to heated debates over fresher salaries, but the recent uproar surrounding Cognizant Rs 2.5 lakh per annum (LPA) job offer has taken center stage. As fresh graduates grapple with limited job prospects and rising living costs, the tech giant’s static salary level since 2002 has sparked widespread discontent. […]

Aug 14, 2024