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Indian IT giant Infosys reduced its average variable pay to given to its employees for the third...
A multinational professional services brand of firms,nbspPricewaterhouseCoopers PwC is delaying ...
According to TOI, Indian IT major, Tata Consultancy Services TCS is linking promotions, hikes, and...
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 […]
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 […]
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 […]
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 […]
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 […]
As per the media reports, it is expected that Wipro may skip salary hikes for top performers with higher compensation packages in the upcoming round of salary increases effective by December 1. According to Reuters, Nagendra Bandaru, managing partner and president of the “Enterprise Futuring” business line told employees in an e-mail, “We are doing […]
The Arvind Kejriwal-led Delhi Government has hiked the minimum wages in order to give relief to people from inflation. As reports of the Live Mint, The hike in the monthly wages of unskilled, semi-skilled, and skilled workers. The new rates for the hike in minimum monthly wages are applicable from October 1. What is Minimum […]
An Indian multinational information technology company, Infosys to roll out wage hikes for employees from November 1. The company will skip campus hiring this year as it has a ‘way to go’ on utilization. However, it is monitoring the situation every quarter. Infosys Nilanjan Roy, Chief Financial Officer (CFO) said, “Wage hikes are announced and will […]
An Irish-American professional services company, Accenture will not hike salaries for Indian and Sri Lankan employees for fiscal year 2023. Accenture is also postponing promotions across senior management until June 2024. The company experienced a macro environment which was more challenging than anticipated at the beginning of FY23. As reported by the Economic Times, In an […]
An Indian multinational corporation that provides information technology, Wipro to roll out merit salary increases, effective by December 1. As per the reports of The Economic Times an email to employees from Chief Human Resources Officer Saurabh Govil said, “Despite the current challenging and uncertain global market conditions, we are pleased to announce that our […]
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 […]
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 […]
