Explore the latest Compensation news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
In a surprising turn of events, the Indian Institute of Technology IIT Bombay has witnessed a sign...
In a move that has uplifted the spirits of its workforce, Infosysthe renowned IT services firmhas ...
Tata Consultancy Services TCS has extended job offers to newly qualified Chartered Accountants CA...
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. […]
In a strategic move aimed at staying competitive in an evolving automotive industry, General Motors (GM) has announced significant changes to its salaried performance evaluation and bonus plan. These alterations are designed to attract top talent, reward high achievers, and address underperformance head-on. General Motors: A Shifting Automotive Industry The automotive industry is undergoing a […]
In a significant development, 27 establishments have voluntarily surrendered their exemption status over the past two years, resulting in the addition of approximately 30,000 employees to the Employees’ Provident Fund Organisation (EPFO). These establishments have collectively contributed ₹1,688.82 crore to the EPFO fund, reinforcing the organization’s financial stability and commitment to employee welfare. Background and […]
In a recent interview, C. Vijayakumar, Chief Executive Officer (CEO) and Managing Director (MD) of HCLTech, clarified the company’s stance on variable pay and attendance. Despite India’s third-largest IT services company asking employees to report to the office thrice a week or face disciplinary action, HCLTech has no intention of linking variable pay to attendance. HCLTech’s CEO […]
Tata Consultancy Services (TCS), India’s largest IT services company, has kicked off the fiscal year 2024-25 on a positive note by completing its annual salary increments in the first quarter. IT giant rolled out a 4-5 percent increment, along with double-digit hikes for top performers as announced by the company during the Q4 earnings conference […]
The Employees’ Provident Fund Organisation (EPFO) has recently made headlines by recovering ₹61 crore in provident fund dues from SpiceJet, a prominent player in India’s aviation industry. This development sheds light on the financial health of the airline and its commitment to meeting its obligations toward employees. EPFO vs. SpiceJet: Background SpiceJet, like many other […]
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 […]
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 […]
