Explore the latest Compensation news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
According to Business Standard, Indias preferred airline, IndiGo declared a special one-time ...
Koo, the indigenous microblogging platform, has disclosed its suspension of Aprils salary pay...
According to the media reports, a global leader in IT services, consulting, and business solutions c...
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 […]
As India Inc. continues to grow, its workforce becomes more diverse and gets younger every year. HR leaders’ top priority remains striking a balance between delivering value to stakeholders and managing the aspirations of this dynamic workforce. According to Deloitte India Talent Outlook 2024, the average India increment is expected to be 9.0 percent in […]
FIITJEE, as per Money Control, has frozen employee salaries, citing the necessity for heightened productivity, reflecting issues within the coaching institute regarding financial management and workforce efficiency. The company operates over 100 study centres in the country and has a workforce of about 4,000 teaching and non-teaching employees. As per the report, Dinesh Kumar Goel, […]
The EY report suggests that India Inc. is set for an average salary increase of 9.6% in 2024, similar to the actual increase in 2023. Abhishek Sen, Partner and Leader, Total Rewards, HR Technology and Learning, People Advisory Services, EY India said, “As we unveil our second edition of the ‘Future of Pay’ report, we provide industry stakeholders […]
According to Financial Express report, a leading technology services and consulting company, Wipro plans to offer its employees an average 85% variable pay for the third quarter of the ongoing fiscal year. The company provided an average variable pay of 80% in the previous two quarters. The report also stated that Wipro’s recent email to employees […]
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 […]
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 […]
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 […]
