Explore the latest Compensation news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
In a significant development, establishments have voluntarily surrendered their exemption status ...
In a recent interview, C. Vijayakumar, Chief Executive Officer CEO and Managing Director MD of H...
Tata Consultancy Services TCS, Indias largest IT services company, has kicked off the fiscal year...
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 […]
Amid financial turmoil, Byju’s, the embattled ed-tech firm, has ensured payroll for all departments except sales personnel, despite grappling with funding shortages. Previously, the company postponed salary (February and March) disbursements for two consecutive months, subsequently issuing partial payments to employees later in each respective month. The situation arises as Byju’s grapples with a severe […]
According to Business Standard, India’s preferred airline, IndiGo declared a special one-time bonus for all its employees, equal to 45 days of basic salary. The company has announced the Thank You Bonus equivalent to 1.5 months’ basic salary, will be disbursed as ex-gratia payment along with the May 2024 salary. Recently, IndiGo has commenced a […]
Koo, the indigenous microblogging platform, has disclosed its suspension of April’s salary payments due to financial challenges. The decision, unveiled during an early April Zoom meeting with staff, stirred astonishment and apprehension, particularly as the company had purportedly not forewarned of such measures beforehand. Co-founder Mayank Bidawatka shared a LinkedIn post saying, “I spoke about us […]
According to the media reports, a global leader in IT services, consulting, and business solutions company, Tata Consultancy Services (TCS) requires 60% office attendance for variable pay. According to a Times of India report, Tata Consultancy Services (TCS) has updated the following policies: According to the reports, the policy said, “If an employee is found […]
Tata Consultancy Services (TCS), a prominent IT services firm, has announced salary increments ranging from 4.5% to 7%, contingent on performance. The high-performing employees will receive double-digit pay hikes. According to a Mint report, TCS has also assessed Office Attendance before giving pay hikes to over 6,00,000 employees. Milind Lakkad, Chief HR Officer said, “We are pleased to […]
An Indian multinational information technology services and consulting company, Tata Consultancy Services (TCS) announced annual increments in double-digit hikes for top performers starting from April 1. Milind Lakkad, Chief HR Officer, said: “We are pleased to announce the annual increments for our workforce, as we have done consistently every year, with top performers receiving double-digit hikes.” Salary hikes will […]
An American multinational information technology services and consulting company, Cognizant has postponed its annual salary increases by four months, intending to implement them for eligible employees starting from August 1. Last year, the Nasdaq-listed firm provided raises to employees in April 2023. As reported by Economic Times, confirming the development, Cognizant stated, “We are committed […]
As per Mint’s report, Flipkart, the e-commerce platform, has revamped its salary increment policy, dividing annual raises into two parts instead of immediately reflecting them in an employee’s pay structure. According to the updated policy of Flipkart, the total salary won’t immediately reflect the increase. The company will raise salaries in two parts as follows: […]
Tata Consultancy Services (TCS) is preparing to introduce salary increments for its workforce in the approaching fiscal period. In a move anticipated to uplift the spirits of employees, the company is gearing up to implement a salary hike effective April 1st. As the new financial year unfolds, this boost in remuneration promises to bring a […]
