Explore the latest Compensation news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
Accenture Plc, a global technology and consulting giant, has announced a significant change in its p...
Indian IT giant Wipro Limited has taken a significant step to boost employee morale and retention by...
In a move that underscores its commitment to employee participation and shared ownership, Capgemini ...
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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% […]
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. […]
