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: Apr 2023

Compensation

Amazon to plans to cut Stock Awards fire hundreds of employees

Apr 6, 2023

Salary hike alert Air India staff to receive - salary hike

According to a Livemint report, the flag carrier airline of India, Tata group-owned Air India will b...

Compensation

Mar 31, 2023

Latest news: Salary hike alert Air India staff to receive - salary hike - SightsIn Plus

Meta may lower bonus payments of some employees

According to the reports, Facebook owner Meta will be lowering bonus payments for some employees. Th...

Compensation

Mar 29, 2023

Latest news: Meta may lower bonus payments of some employees - SightsIn Plus

Average salaries in India to increase by . per cent in

EY, the leading professional services organization, released itsnbspFuture of Pay . The repo...

Compensation

Mar 25, 2023

Latest news: Average salaries in India to increase by . per cent in - SightsIn Plus

Compensation

CRED CEO Kunal Shah says his salary is only Rs 15,000/month

An Indian fintech company, CRED Chief Executive Officer (CEO) Kunal Shah took to Instagram to hold an ‘Ask Me Anything’ session. In the ‘Ask Me Anything’ session, Kunal Shah revealed his monthly salary. He stated that his salary is Rs 15,000 per month and he also provides a reason for it. Kunal Shah wrote on […]

Feb 28, 2023

Compensation

Flipkart will not give salary hikes to its senior employees this year

In mid of the layoff wave, Walmart-owned e-commerce giant, Flipkart will not give salary hikes to its nearly 4500 senior employees this year. Flipkart will be providing an annual increment of salaries to only 70 percent of its employees. The company is not providing increments for the top 30% of employees due to the current […]

Feb 24, 2023

Compensation

Amazon is likely to cut salaries of some employees by 50%

According to Business Insider reports, an American multinational technology company, Amazon corporate is likely to cut the salary of some employees by 50 percent. Amazon Chief Executive Andy Jassy said, “The result is that compensations are impacted. And that is difficult. All of that is difficult.” “But I am quite optimistic that we have the chance […]

Feb 23, 2023

Compensation

Citigroup CEO Jane Fraser Gets 9% Salary Hike

An American multinational investment bank and financial services corporation, Citigroup Chief Executive Officer (CEO) Jane Fraser will receive a salary hike of 9%. Jane Fraser has been associated with Citigroup since July 2004. She joined the group as a Head of Client Strategy. According to Bloomberg reports, The pay has increased from $22.5 million in 2021 to […]

Feb 23, 2023

Compensation

Top Rewards Trends for This Year 2023

As we look toward 2023, there are several trends that are likely to shape the way employers approach rewards and recognition for their employees. Here are some of the key reward trends that we can expect to see in 2023: Personalized Rewards Personalized rewards have become increasingly popular in recent years, and this trend is […]

Feb 22, 2023

Compensation

Wipro cuts freshers’ pay by 50% amid onboarding delays

An Indian multinational corporation, Wipro has reduced the employee’s salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh per annum. Wipro provides training to freshers employees. This gives an opportunity to the Elite fresher candidate to upgrade to the ‘Turbo’ category. This also upgrades the salary package of employees. Now, As per […]

Feb 21, 2023

Compensation

Wipro rolls out 87% variable pay to employees for Q3FY23

As per reports, an Indian multinational corporation, Wipro rolls out 87% of the variable quarterly pay to over 80% of its workforce. However, Wipro’s remaining employees will receive variable pay based on the unit’s target achievement. The company will pay variable pay for the third quarter that ended in December along with February month’s salary. […]

Feb 16, 2023

Compensation

Deutsche Bank to cut bonuses of employees misusing WhatsApp

According to Bloomberg reports, A German multinational investment bank and financial services company, Deutsche Bank, announced that the bank will cut bonuses for staff misusing WhatsApp messaging services for business communications. Currently, Deutsche Bank said in a statement, “We have a consequence management framework in place.” “Depending on the quantity and quality of violations this will also […]

Feb 16, 2023

Compensation

Top executives to receive an average salary hike of 9.1% in 2023

AON India recently conducted the most recent edition of its twelfth yearly Executive Rewards Survey that has found that Top executives to receive an average salary hike of 9.1% in 2023. The survey had the following finding:- “Senior executives’ salary increases continue to focus on pay at risk, indicating the emphasis on rewarding executives for […]

Feb 3, 2023

Compensation

Google CEO Sundar Pichai & Senior Executives to Take Pay Cut

An American multinational technology company, Google CEO Sundar Pichai & Senior Executives to Take Pay Cut as part of the company’s cost-cutting measures. Google CEO Sundar Pichai clarified that the supposed cut would be a very significant reduction in their annual bonus. This has come as a clarification when CEO Sundar Pichai was questioned during […]

Jan 30, 2023

Compensation

Google delays Year-end bonus checks for employees

An American multinational technology company, Google has delayed the Year-end bonus checks for employees due to the transition to a new performance management system. According to the CNBC report, Google initially pays an 80% advance bonus to eligible employees. The advance bonus will be paid in January, and the remaining 20% in March or April. However, […]

Jan 23, 2023

Compensation

Cognizant CEO Ravi’s salary is 4 times Mukesh Ambani’s 2020 pay

According to reports, an American multinational information technology services and consulting company, Cognizant‘s new CEO Ravi’s total yearly compensation will be Rs 57 crore. In 2019–20, Mukesh Ambani’s annual salary was Rs 15 crore. Recently, Cognizant announced the appointment of Ravi Kumar S as CEO and a member of the Board, effective immediately. He replaced outgoing Brian Humphries […]

Jan 16, 2023