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: Oct 2023

Compensation

Delhi govt hikes minimum wages, new rates from October ,

Oct 20, 2023

Infosys to skip campus hiring, announced salary hike from Nov.

An Indian multinational information technology company, Infosys to roll out wage hikes for employees...

Compensation

Oct 13, 2023

Latest news: Infosys to skip campus hiring, announced salary hike from Nov. - SightsIn Plus

Accenture will not hike salaries for Indian employees

An Irish-American professional services company,nbspAccenture will not hike salaries for Indian an...

Compensation

Oct 13, 2023

Latest news: Accenture will not hike salaries for Indian employees - SightsIn Plus

Wipro to roll out merit salary increases, effective by December

An Indian multinational corporation that provides information technology, Wipro to roll out merit sa...

Compensation

Oct 11, 2023

Latest news: Wipro to roll out merit salary increases, effective by December - SightsIn Plus

Compensation

Swiggy Mumbai delivery team on indefinite strike, seeks pay hike

An Indian online food ordering and delivery platform, Swiggy delivery team is on indefinite strike as they are seeking pay hike. The strike was started on October 8 and has since then affected the services of Swiggy in the Mumbai region. Meanwhile, Zomato’s services haven’t been impacted yet by the strike. One User said, “If you’ve been […]

Oct 10, 2023

Compensation

No salary for Ambani’s children, only fee for attending board meets

An Indian multinational conglomerate, Reliance Industries Ltd (RIL) will not pay any salary to Mukesh Ambani’s children Akash, Isha, and Anant. According to Livemint, Mukesh Ambani’s children Akash Ambani, Isha Ambani, and Anant Ambani will get only a sitting fee and a commission on the profit earned by the firm. “They shall be paid remuneration by […]

Sep 30, 2023

Compensation

Wipro to roll out salary hikes in October quarter

An Indian multinational corporation, Wipro to roll out salary hikes in the October-December quarter, an average increase is expected at 6%-8%. According to Times of India, it is expected that the top performers at the organization will receive a salary hike in double-digit. Earlier, Wipro had postponed the salary hike of its employees to the […]

Sep 29, 2023

Compensation

Infosys to begin fresh appraisal cycle; last year hikes still pending

An Indian multinational information technology company, Infosys will be beginning a fresh appraisal cycle for its employees. The current performance evaluation at Infosys is for October 2022 to September 2023. The company will start its ‘performance review cycle–October 2023’ with self-evaluation on September 29. According to Economic Times, In the previous year, the appraisal process […]

Sep 27, 2023

Compensation

Byju’s defers to pay laid-off employees full & final settlements

Earlier in June, An Indian multinational educational technology company, Byju’s had laid off over 1,000 employees across various departments, including mentoring, logistics, training, sales, post-sales, and finance. According to Money Control report, Edtech Major said in a mail to the laid-off employees, “This is to inform you that the full and final settlement amount will be […]

Sep 19, 2023

Compensation

Tech Mahindra Offering Low Salaries to Campus Hires?

Due to Covid 19, earlier companies delayed the onboarding for the freshers. Post this the freshers did face the issue of salaries. Recently, a final-year B.Tech student from NIT Jalandhar took to X (formally Twitter) on the relatively low salaries for fresh graduates and demanding work conditions. He shared a screenshot highlighting the terms and […]

Sep 13, 2023

Compensation

IT Pay hikes 2023: Infosys, Wipro & other IT companies

The employees who are working with IT companies are experiencing a mixed bag of salary increments. Most IT services-providing companies have announced Nil/less salary increments or deferred salary hikes due to economic uncertainties. Among the top IT companies in India, only TCS has rolled the salary increment for its employees of 12-15 percent. Here is […]

Sep 9, 2023

Compensation

Tata Steel to pay Rs 314.70 crore as annual bonus to employees

An Indian multinational steel-making company, Tata Steel will pay Rs 314.70 crore as an annual bonus to employees for the year 2022-2023. The company announced an annual bonus of 20 percent for the year 2022-23. Tata Steel employees get a minimum bonus of Rs 42,561, a maximum Rs 4,61,019 which will be credited to employees’ […]

Sep 5, 2023

Compensation

Most IT firms give Nil/less increments or deferred salary hikes

Most IT services-providing companies have announced Nil/less salary increments or deferred salary hikes due to economic uncertainties. Also, Major tech companies are delaying the salary hike for employees exponentially. The move of salary delay is part of a larger trend of tech companies as investors become increasingly fearful of a recession. Moreover, Tech companies are […]

Sep 4, 2023

Compensation

Ambani-backed startup Dunzo is unable to pay salaries again

An all-in-one 24X7 delivery platform, Mukesh-Isha Ambani-backed startup Dunzo is unable to pay salaries again. DNA India has recently shared the email, Mukesh-Isha Ambani-backed Dunzo e-mail reads, “We sincerely apologize for this delay. Ensuring that you receive your due compensation as early as possible is our top priority.” “Please be assured that we are doing […]

Sep 1, 2023

Compensation

LTIMindtree rolled out very poor increments, 0-2% hike after delay

An Indian multinational information technology services and consulting company, LTIMindtree rolled out very poor increments for its employees, many have received a 0-2% hike even after months of delay. Major tech companies are delaying the salary hike for employees exponentially due to economic uncertainties. The move of salary delay is part of a larger trend of […]

Sep 1, 2023

Compensation

Hexaware Technologies gives between 14% to 16% salary hike

IT major, Hexaware Technologies gives 100% variable pay to its employees. And the exceptional performers will be receiving 120% variable pay. Vinod Chandran, Chief Operating Officer & HR head at Hexaware Technologies said, “Our determination to go above and beyond in our variable payouts is a testament to our belief that when we support our […]

Aug 26, 2023