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 2023

Compensation

Most IT firms give Nilless increments or deferred salary hikes

Sep 4, 2023

Ambani-backed startup Dunzo is unable to pay salaries again

An all-in-one X delivery platform, Mukesh-Isha Ambani-backed startup Dunzo is unable to pay salar...

Compensation

Sep 1, 2023

Latest news: Ambani-backed startup Dunzo is unable to pay salaries again - SightsIn Plus

LTIMindtree rolled out very poor increments, - hike after delay

An Indian multinational information technology services and consulting company,nbspLTIMindtree rol...

Compensation

Sep 1, 2023

Latest news: LTIMindtree rolled out very poor increments, - hike after delay - SightsIn Plus

Hexaware Technologies gives between to salary hike

IT major, Hexaware Technologies gives variable pay to its employees. And the exceptional perfor...

Compensation

Aug 26, 2023

Latest news: Hexaware Technologies gives between to salary hike - SightsIn Plus

Compensation

Tetley announces 7% salary increase for employees

The 2nd largest tea brand globally, Tetley will be increasing the salary of employees by 7% salary. The raise will be effective from 1 April 2023. This will benefit roughly 200 employees working for Tata Consumer Products, the manufacturer of Tetley goods for Canada and the UK. Other Companies Salary Increase / Announcements Tech Mahindra […]

Aug 24, 2023

Compensation

Infosys employees to receive 80% variable pay

An Indian multinational information technology company, Infosys employees will receive 80% of their variable pay in the June quarter. Some of the top performers have received payouts of 95% as reported by TOI. However, in April, Infosys said that the average variable payout for Q4FY23 was reduced to 60 percent at an organizational level. And in last […]

Aug 22, 2023

Compensation

Wipro will not be hiring with 30% Hike; defers salary hikes to Q3

An Indian multinational corporation providing information technology, consultant, and business process services, Wipro CHRO said that there will be no more hiring with 30% hike. Due to the current market situation of economic slowdown and lower hiring environment, the company’s Chief Human Resources Officer Saurabh Govil said that IT professionals should focus on upskilling. Wipro […]

Aug 21, 2023

Compensation

Startup employees in India got 8-12 % average salary hikes

The Indian startup employees got an average salary increment of 8 to 12 percent in 2022-2023. Dipesh Jain, AVP – Talent, Elevation Capital said, “The shift in the market situation has led to a correction in salaries, though largely at the leadership level.” “Interestingly, on the other hand, job seekers are willing to wait longer […]

Aug 11, 2023

Compensation

IndiGo announces salary hike for pilots, cabin crew

An Indian low-cost airline, InterGlobe Aviation Limited (IndiGo) has announced a salary hike for pilots and cabin crew effective October 1, 2023. The airline’s senior vice president of flight operations Ashim Mitra said in a memo, “While we regained and started to build our financial strength over this past year, we reviewed and reinstated salaries […]

Aug 4, 2023

Compensation

Intel reverses salary cuts; will compensate employees with RSUs

Earlier reports in February said that an American multinational corporation and technology company Intel Corp will reduce the salary of 5% of base pay for mid-level employees and a 25% reduction in CEO Pat Gelsinger’s salary. “As we continue to navigate macroeconomic headwinds and work to reduce costs across the company, we’ve made several adjustments to […]

Aug 3, 2023

Compensation

Tech Mahindra defers salary hike of senior employees as profit falls

A specialist in digital transformation, consulting, and business re-engineering services, Tech Mahindra defers salary hikes for senior employees due to a huge drop in net profile in Q1FY24. The decision follows as the quarter nose-diving profits and EBIT margins decline. The company’s EBITDA at USD 163 mn; down 33.7% QoQ, down 31.8% YoY; Margin at […]

Jul 29, 2023

Compensation

Dunzo will pay 12% yearly interest on deferred salaries

An all-in-one 24X7 delivery platform, Dunzo has promised its employees to pay 12% yearly interest on held-back salaries. The employees will receive interest on the difference amount. To briefly explain the structuring of interest if the employee’s salary is Rs.50,000 and the employee has been paid Rs.25,000. The 12% interest will be on the difference of […]

Jul 28, 2023

Compensation

Compensation Trends 2023 Update: Top IT Companies to Telecom

EY released its Future of Pay 2023 report highlighting talent, attrition, and compensation trends across sectors in India Inc. According to the report, sectors that were severely impacted by the pandemic are experiencing a resurgence. The report estimates average salaries in India to increase by 10.2 per cent in 2023, lower in comparison to 10.4% (Actuals) […]

Jul 26, 2023

Compensation

Google salary data, software engr paid Rs 5.90 crore base salary

This salary data came from an internal spreadsheet shared among Google employees that contained information on more than 12,000 US workers. In the middle of layoffs and a salary freeze, Google is paying its employees a high salary. Google employees were reported to have earned an average total compensation of $279,802 (approximately Rs. 2.3 crore) in […]

Jul 21, 2023

Compensation

After Infosys and HCLTech, Wipro also defers salary hikes to Q3

After Infosys, HCLTech another IT giant, Wipro has also announced a delay in its wage hike cycle for the fiscal year. Chief Financial Officer Jatin Dalal said, “We did our last salary increase in September of last year, and we plan to do that for this year sometime in quarter three.” Wipro has announced that […]

Jul 14, 2023

Compensation

Airtel and VI rewarded 7-8% salary hikes; bonuses up to 110%

Telecom companies Airtel and Vodafone Idea have rewarded their employees with 7-8 per cent pay increments for the financial year 2023 (FY23). Airtel has given top talent a 110 percent bonus, and Vodafone Idea followed with a 100 percent bonus. However, Reliance Jio has not announced the increments till now. Increment plays an important role […]

Jul 14, 2023