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: Mar 2024

Compensation

Average India increment is expected to be . in , Deloitte

Mar 16, 2024

FIITJEE withholds salaries, citing a need for increased productivity

FIITJEE, as per Money Control, has frozen employee salaries, citing the necessity for heightened pro...

Compensation

Mar 13, 2024

Latest news: FIITJEE withholds salaries, citing a need for increased productivity - SightsIn Plus

. average salary hike for India Inc in attrition dropped

The EY report suggestsnbspthat India Inc. is set for an average salary increase of . in , s...

Compensation

Mar 7, 2024

Latest news: . average salary hike for India Inc in attrition dropped - SightsIn Plus

Wipro to offer employees variable pay component

According to Financial Express report,nbspa leading technology services and consulting company, Wi...

Compensation

Mar 2, 2024

Latest news: Wipro to offer employees variable pay component - SightsIn Plus

Compensation

Salary hike at manufacturing firms likely to be 10.1%

According to the Annual Salary Increase and Turnover Survey 2023-24 India by Aon plc, a prominent global professional services firm, salaries in India are projected to rise in 2024. The survey revealed that salaries in India are expected to increase by 9.5 percent in 2024, a slight drop compared to the actual increase of 9.7 […]

Feb 23, 2024

Compensation

Tips for Negotiating Your Salary at the Job Offer

Many individuals find themselves in a challenging position when it comes to salary negotiations. The fear of potentially jeopardizing a job offer or feeling uncomfortable discussing compensation can often lead to settling for less than what is actually deserved. However, with the right approach and preparation, you can effectively navigate this process and secure a […]

Feb 23, 2024

Compensation

Tech salaries are hit up to 40% as economic slowdown takes its toll

In the wake of an unprecedented economic slowdown, the technology industry is experiencing a significant blow to its once-flourishing job market. As companies struggle to adapt and survive in these challenging times, tech professionals are now facing substantial cuts to their salaries. The economic downturn on tech salaries, shedding light on the challenges faced by […]

Feb 19, 2024

Compensation

Sterlite Technologies (STL) announces salary cuts by 15 to 25%

As per multiple media reports, Sterlite Technologies Limited (STL), a prominent global provider of optical and digital solutions, has implemented salary reductions ranging from 15% to 25%. In light of the prevailing market conditions and to position the company for sustained success in the long term is reducing the salary for its employees. This decision […]

Feb 17, 2024

Compensation

Infosys Variable payout for Q3 is down to 73% from 80% in Q2

Indian IT giant Infosys reduced its average variable pay to 73% given to its employees for the third quarter of the current fiscal. However, earlier the company rolled out variable payouts of around 80% for the previous two quarters. According to Financial Express, the IT giant had reduced its variable pay to 60% for the […]

Feb 15, 2024

Compensation

PwC delays graduates’ promotion amid slowdown in client demand

A multinational professional services brand of firms, PricewaterhouseCoopers (PwC) is delaying the promotions of graduates amid a slowdown in client demand. The decision specifically affected the graduates who joined PwC’s consulting practice in late 2022. As reported by the reports of Financial Times, due to limited workload, certain junior consultants in the UK will be required to […]

Feb 15, 2024

Compensation

TCS to link promotions with return to office: Report

According to TOI, Indian IT major, Tata Consultancy Services (TCS) is linking promotions, hikes, and variable payout complying with its recent return-to-office policy. The report also suggested that the IT giant is tracking the work from office attendance after which the company will be rolling out promotions. The unit heads have written to their respective […]

Feb 1, 2024

Compensation

Infosys continues to defer the roll-out hikes in January

The IT major, Infosys had earlier deferred the salary hikes of their employees and it was expected the company to roll out the salary hike in December. However, the recent report of TOI stated that some of the employees will receive their hikes in January as some of the business units are finalizing their budgets. On the […]

Dec 26, 2023

Compensation

Infosys hands out salary hike letters, average pay hike below 10%

According to ET report, an Indian multinational information technology company, Infosys handed over salary hike letters to a large number of employees on Friday, Dec 15, 2023. It does not include reviews for entry-level workers of the IT services major, according to people aware of the matter, the ET report added. The average hike this […]

Dec 16, 2023

Compensation

Byju’s delays November salary of around 1000 employees

An Indian multinational educational technology company, Byju’s has delayed the November salary of around 1000 employees. The company generally transfers the salaries on the first of each month. According to Economic Times reports the company said, “We have noticed a delay in processing salaries for some limited employees due to an unexpected technical glitch.” “The […]

Dec 4, 2023

Compensation

Salary hike trends for 2024 when IT giants are deferring pay raises

According to WTW’s latest Salary Budget Planning Report, the median salary hike in India is forecasted to rise by 9.8% in 2024, close to the actual salary increase of 10% in 2023. The report looks at a range of job grades across various industry sectors summarizes the findings of WTW’s annual survey on salary movement […]

Nov 20, 2023

Compensation

Infosys to give 80% variable pay to employees

An Indian multinational information technology company, Infosys is planning to give an average payout of 80% to employees in its quarterly performance bonus. This is higher variable pay than the company had given earlier, 60 per cent average variable pay in April 2023 quarter and 70 per cent in the June 2022 quarter. An official communication […]

Nov 17, 2023