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 2023

Compensation

HCLTech sees headcount reduction in QFY, defers pay hikes

Jul 13, 2023

TCS CHRO of employees working days a week from office

Indias largest IT services firm, Tata Consultancy Services TCS reported its consolidated fi...

Compensation

Jul 13, 2023

Latest news: TCS CHRO of employees working days a week from office - SightsIn Plus

IT major Infosys defers salary hikes for employees

Indias second-largest IT giant Infosys has deferred the salary hikes of its employees which i...

Compensation

Jul 12, 2023

Latest news: IT major Infosys defers salary hikes for employees - SightsIn Plus

Reliance and Goggle-backed Dunzo defers salary

Reliance and Goggle-backed Dunzo has deferred salaries of its employees in manager-level pos...

Compensation

Jul 11, 2023

Latest news: Reliance and Goggle-backed Dunzo defers salary - SightsIn Plus

Compensation

Air India revises job contracts for non-flying staff

The flag carrier of India, Air India has recently revised the job contracts for non-flying staff with retrospective effect from 1 April. The changes are as per the market standards and promote efficiency. The airline has recently introduced a performance-linked variable pay component. The revision will be as per the below guidelines:- Chief executive officer (CEO) and […]

Jul 1, 2023

Compensation

Akasa Air announces salary hike by 40% effective July 1

According to the ET reports, An Indian low-cost airline, Akasa Air increases the salary by 40% and it will be effective from July 1, 2023. Commenting on the salary hike, a person aware of the development said: “The quantum of salary hike is more for junior pilots because they are the future of the airline […]

Jun 26, 2023

Compensation

TCS is working to double employees’ salaries, reduce pay disparity

An Indian multinational information technology services and consulting company, Tata Consultancy Services (TCS) announced variable pay and increments to its existing staff earlier. TCS is also working towards reducing the pay disparity in employees internally and is giving them a chance to double their salaries The company has over 6 lakh employees globally and its strategy is to invest […]

Jun 15, 2023

Compensation

Tata Group awards huge salary hikes of 16-60% to its top officials

According to Economic Times report, Tata Group senior officials have received huge increments ranging from 16 to 60 percent. “CEOs of high-growth companies are being rewarded and have been directed to continue to focus on tapping opportunities and increasing the pace of growth,” the CEO of a Tata Group company said. “There is a big […]

Jun 13, 2023

Compensation

Wipro CHRO Saurabh Govil says No More Hiring with 30% Hike

An Indian multinational corporation providing information technology, consultant, and business process services, Wipro CHRO has said that there will be no more hiring with 30% hike. According to media reports, 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 […]

Jun 12, 2023

Compensation

NDTV announces 11.50 percent salary hike post-Adani takeover

Earlier in December, Gautam Adani took over the control of New Delhi Television Ltd (NDTV.NS) as the company’s founders decided to sell most of their shares. The Adani Group took control of about 65% of the Indian broadcaster. Now, NDTV has raised the salaries for all verticals and the appraisal process has been transparent. The overall salary […]

Jun 10, 2023

Compensation

Infosys Chairman Nandan Nilekani voluntarily refuses to take salary

For the financial year 2022-23, Infosys Chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services rendered to the company. The break-up of the remuneration includes fixed salary – base salary, retiral benefits, total fixed salary, bonus/ incentives/ variable pay, perquisites on account of stock options exercised, and commission. The company has just […]

Jun 8, 2023

Compensation

Ernst & Young (EY) announces promotions across the globe

The Ernst & Young (EY) organization has announced that 966 people have been promoted to partner across the globe, reflecting continued growth and strong business performance by the organization. Similarly, emerging markets represent a third of new partners, at 33%. The significant number of partner promotions demonstrates the Ernst & Young (EY) commitment to offering […]

Jun 5, 2023

Compensation

Infosys CEO Salil Parekh’s salary drops by 21%: Report

According to a report of Business Today, Infosys CEO Salil Parekh’s total salary has been reduced for the financial year 2022-23. The report also suggested that his salary is higher than the average Infosys employee. The average Infosys employee earned Rs 10.3 lakh in the fiscal year 2022-23. The salary for FY23 is Rs 56.44 […]

Jun 5, 2023

Compensation

HCLTech changes its HR policy, impact on salaries, NITES in action

An Indian multinational information technology services provider company, HCLTech has recently changed its HR policy related to employee compensation. The company has revised its Engagement Performance Bonus (EPB) a performance-linked variable pay. EPB is a part of the variable pay of the employees. The company has now decided to pay EPB on a quarterly basis instead […]

Jun 2, 2023

Compensation

Leave Encashment limit increased for salaried employees

Tax exemption limit on leave encashment increased to Rs 25 lakh for non-government salaried employees. The tax exemption on leave encashment of non-government salaried employees (in respect of the period of earned leave at his credit at the time of his retirement, whether on superannuation or otherwise) was earlier up to a limit of Rs.3 […]

May 26, 2023

Compensation

Rishad Premji Wipro’s executive chairman takes half salary in FY23

A multinational corporation that provides information technology, consultant, and business process services, Wipro Chairman Rishad Premji has taken a 50 percent voluntary cut in his salary for the fiscal year 2023. Rishad Premji will receive $951,353 in total annual compensation in FY23. This is almost 50 per cent of FY22, his total compensation in FY22 […]

May 25, 2023