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: Jan 2023

Compensation

Apple CEO to take a pay cut

Jan 14, 2023

TCS rolls out variable pay for the majority of the workforce

Indias largest IT major, As per the reports, Tata Consultancy Services TCS has decided to give ...

Compensation

Jan 12, 2023

Latest news: TCS rolls out variable pay for the majority of the workforce - SightsIn Plus

HRA rules revised Cases where the employees are not eligible

The Department of Expenditure, under the finance ministry, has updated the rules for claiming house ...

Compensation

Jan 10, 2023

Latest news: HRA rules revised Cases where the employees are not eligible - SightsIn Plus

Evergreen Marine announces bonuses worth months salary

A Taiwanese container transportation and shipping company, Evergreen has announced bonuses worth ...

Compensation

Jan 9, 2023

Latest news: Evergreen Marine announces bonuses worth months salary - SightsIn Plus

Compensation

Woman sacked for being pregnant awarded Rs 15 Lakh compensation

During the period of pregnancy, many female employees lose their jobs. As per the recent Telegraph report, a 34-year-old woman, Charlotte Leitch had only recently joined Essex-based CIS services firm but only a couple of weeks later her employer fired her. She won compensation of nearly Rs. 15 lahks after she was fired for “being […]

Jan 3, 2023

Compensation

Tamil Nadu govt announces 4% hike in Dearness Allowance

Tamil Nadu Chief Minister MK Stalin has announced the hike in the Dearness Allowance (DA) by 4 percent for government employees including teachers, pensioners and family pensioners. CM Stalin said that it would benefit about 16 lakh staff. The decision was taken after considering the representation of government employees. The DA would now be increased from 34 percent to […]

Jan 2, 2023

Compensation

Does TCS announce a massive salary hike of up to 20% for employees?

According to various media reports, India’s largest IT Services Provider, Tata Consultancy Services (TCS) has given a salary hike of 20% and variable pay for 70% of its employees as Christmas and New Year gifts. The salary hike is based on the performance of the remaining staff. Additionally, TCS will provide 4 lakh employees the bonus […]

Dec 30, 2022

Compensation

Dream11 fines employees Rs 1 lakh for disturbing co-workers on leave

The world’s largest fantasy sports platform, Dream11 has announced to fine employees Rs 1 lakh for disturbing Co-workers on Leave’. As reports indicate that Dream11’s co-founders Harsh Jain and Bhavit Seth have warned workers that they will be charged a fee of about Rs. 1 lakh if they contact coworkers during the “UNPLUG” time. What is […]

Dec 29, 2022

Compensation

Air India to deduct salary of staff overstaying in Vasant Vihar colony

According to The Economic Times reports, Govt asks the TATA group-owned, Air India to deduct employees’ salaries for overstaying in Delhi’s Vasant Vihar colony. The airline staffer residing in Vasant Vihar said they would amount to around Rs 95,000 per month. The Airline management has been instructed to deduct the amount, starting from October, from […]

Dec 29, 2022

Compensation

Salary of IT CEOs increased by 1,500% while 50% for freshers

Business Today’s analysis shows the IT industry CEOs’ salaries increased by 1,500% while freshers’ salaries up only 50% in the last 10 years. Business Today’s actual analysis is in contrast to the CEO compensation, which has increased by a staggering 1,492.27 percent over the last ten years. However, freshers’ incomes have increased by just 46.94 […]

Dec 28, 2022

Compensation

LG Tells Kashmiri Pandits No Salary If You Sit At Home

Jammu and Kashmir lieutenant governor (LG) Manoj Sinha has said to the protesting Kashmiri Pandit that the employees posting in the Kashmir Valley to return to work. Additionally, a warning has been given to them that they would not be paid salaries for “sitting at home”. The protests began after Rahul Bhat, a Kashmiri Pandit, was […]

Dec 23, 2022

Compensation

Tech Mahindra rewards ESOP to employees worth over Rs 7 lakh

A leading provider of digital transformation, consulting, and business re-engineering solutions, Tech Mahindra has announced the allotment of shares worth Rs 7,58,450 as employee stock options through an exchange filing. 1,51,690 equity shares worth Rs 5 each will be divided under 2 schemes- ESOP 2014 and ESOP 2018. The total number of shares issued after […]

Dec 22, 2022

Compensation

Cognizant India spent over Rs 1000 crore on salary hikes

According to Timesnownews, IT major, Cognizant India has spent $130 million (over Rs 1000 crore) in the year for merit-based and off-cycle increments. Cognizant conveyed to its employees that “formal eLetters” with the new salary with the hikes taking effect from October for levels up to the associate director. The company had rolled out a […]

Dec 20, 2022

Compensation

Meta cuts employees’ benefits to reduce cost

An American multinational technology conglomerate, Meta to reduce cost, is reportedly planning to cut employee benefits that cover mental health costs and “work-life balance needs.” As per reports, The company is slashing its “Life@ benefit” funds from $3,000 (Rs 2.43 lakh) to $2,000 (Rs 1.65 lakh) in 2023. This is due to poor macroeconomic conditions as […]

Dec 16, 2022

Compensation

TCS to give 100% variable compensation scheme to employees

TCS has administered a 100% variable pay scheme.

Dec 15, 2022

Compensation

50,000 employees subscribe to Capgemini’s ESOP

Capgemini has announced the significant success of its ninth Employee Share Ownership Plan (ESOP) with an employee subscription rate of 128%. For Aiman Ezzat, Chief Executive Officer of the Capgemini Group: “As a strategic business and technology partner of large companies and organizations, the Group continues to record strong momentum.” “With 50,000 employees subscribing, the sheer scale of this plan […]

Nov 26, 2022