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: May 2023

Compensation

SpiceJet hikes salary pilots to receive Rs.. lakhs per month

May 25, 2023

After Infosys Wipro announced more benefits to its employees

A multinational corporation that provides information technology, consultant, and business process s...

Compensation

May 20, 2023

Latest news: After Infosys Wipro announced more benefits to its employees - SightsIn Plus

Infosys reduces Average Variable Payout for QFY to

Indias second-largest IT giantnbspInfosys said that the average variable payout for QFY ...

Compensation

May 18, 2023

Latest news: Infosys reduces Average Variable Payout for QFY to - SightsIn Plus

IBM employee on Sick Leave for years sued Co. for no pay rise

According to the reports of Livemint, An American multinational technology corporation, IBM employee...

Compensation

May 15, 2023

Latest news: IBM employee on Sick Leave for years sued Co. for no pay rise - SightsIn Plus

Compensation

Microsoft won’t give employees salary raise this year

An American multinational technology corporation, Microsoft won’t raise the salary of employees this year for full-time employees. According to Reuters, a spokesperson for the tech giant said, “We recognize that navigating both a dynamic economic environment and a major platform shift requires us to make critical decisions in how we invest in our people, our […]

May 11, 2023

Compensation

Burger King employee gifted Rs 3 Cr for not taking a single leave in 27 yrs

A 54-year-old Burger King employee has received over $400,000 nearly Rs 3.26 crore, on his retirement. he has never missed a day of work in 27 years. An Instagram page titled Kevin Ford shared the video and the caption read, “Keep Workers Nowadays, He Even Worked Through the Early Covid Days, Never Missing A Day of Work, […]

May 9, 2023

Compensation

TCS payroll generates Form 16 documents in record time

An Indian multinational information technology services and consulting company, Tata Consultancy Services (TCS) payroll will be generating Form 16 documents in record time. What Is Form 16? Using Form 16 you can prepare and file your income tax return. It shows the breakup of salary income and the TDS amount deducted by the employer. When will […]

May 6, 2023

Compensation

Woman claims Rs 50k salary not enough to survive in metro city

The cost of living in a metro city is high. The cost of living is always on the higher side as room rent, groceries, medical facilities, and more are expensive. Recently, in a viral post on Twitter, a user, named Medha Ganti, shared this struggle of hers and said how it is impossible to survive […]

Apr 29, 2023

Compensation

Apple Store employees earning Rs 1.0 lakh with additional benefits

An American multinational technology company, Apple has recently expanded its presence in India. The company has opened its first official online store in Mumbai followed by Delhi. Mumbai’s Apple Store has been opened in Mumbai’s is located bustling Bandra Kurla Complex financial, arts, and entertainment district, and Delhi one has been opened in Saket. The […]

Apr 27, 2023

Compensation

TCS working on doubling the salary, and reducing disparity

An Indian multinational information technology services and consulting company, Tata Consultancy Services (TCS) is looking forward to very high increments for new hires. TCS has already rolled out offers to 46,000 freshers for the FY24, at a time when the industry has been marred by onboarding delays in a challenging macroeconomic climate. The company has […]

Apr 26, 2023

Compensation

HCLTech 85% employees to get variable pay: CPO, R Sundarajan

An information technology services and consulting company, HCLTech will be providing 85 percent of its employees with variable pay for Q4 FY 2022-23. According to the reports of Business Today, the Chief People Officer (CPO) of HCLTech Ram Sundarajan said, “The variable pay for Q4 FY23 will be similar to previous quarters where 85 per […]

Apr 21, 2023

Compensation

Cognizant announces the third hike, Read CEO email to employees

An American multinational information technology services and consulting company, Cognizant has announced the third hike in 18 months for its employees. The salary hike is a part of the ‘two-merit cycles’ in a year a one-time measure announced by the company in November 2022. This was announced by the company to arrest the rising attrition. […]

Apr 19, 2023

Compensation

Samsung reduces employees’ average salary hike to 4.1 percent

A South Korean multinational electronics corporation, Samsung has reduced the salary hike of its employees. The average salary hike is 4.1 percent. The company announced internally earlier in the day on Saturday, April 16. However, in the previous year, the company had agreed on a salary increase of a 9 percent average pay hike for […]

Apr 17, 2023

Compensation

TCS Salary Hike: Top-performing employees to get 12-15% hike

According to reports, Tata Consultancy Services (TCS) is expected to revise the salary of employees as usual. Milind Lakkad, the Chief Human Resources Officer said, “It is expected that the top performers will receive a 12-15 percent salary hike.” According to the ET Now report, TCS employees are expected to get a 100 percent variable payout for the […]

Apr 15, 2023

Compensation

Meta employees furious as cost-cutting affects office perks

According to a report, Meta, formerly known as Facebook employees have expressed dissatisfaction with the decline in cafeteria options in an effort to reduce costs. The New York Times Report said that the company has declined facilities including a lack of snacks and cereals at the office, as well as the elimination of free food […]

Apr 14, 2023

Compensation

TCS & IT companies delay onboarding of freshers, cut variable pay

According to the reports to Business Today, IT companies including TCS, Wipro, and many others are facing an economic slowdown. The report also suggests that IT companies may still delay the onboarding of freshers candidates. The report also suggested that as far as the variable payouts are concerned they have been dull to date in […]

Apr 12, 2023