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: Jul 2023

Compensation

Reliance and Goggle-backed Dunzo defers salary

Jul 11, 2023

Air India revises job contracts for non-flying staff

The flag carrier of India, Air India has recently revised the job contracts for non-flying staff wit...

Compensation

Jul 1, 2023

Latest news: Air India revises job contracts for non-flying staff - SightsIn Plus

Akasa Air announces salary hike by effective July

According to the ET reports, An Indian low-cost airline, Akasa Air increases the salary by and i...

Compensation

Jun 26, 2023

Latest news: Akasa Air announces salary hike by effective July - SightsIn Plus

TCS is working to double employees salaries, reduce pay disparity

An Indian multinational information technology services and consulting company, Tata Consultancy Ser...

Compensation

Jun 15, 2023

Latest news: TCS is working to double employees salaries, reduce pay disparity - SightsIn Plus

Compensation

Tata Group awards huge salary hikes of 16-60% to its top officials

According to Economic Times report, Tata Group senior officials have received huge increments ranging from 16 to 60 percent. “CEOs of high-growth companies are being rewarded and have been directed to continue to focus on tapping opportunities and increasing the pace of growth,” the CEO of a Tata Group company said. “There is a big […]

Jun 13, 2023

Compensation

Wipro CHRO Saurabh Govil says No More Hiring with 30% Hike

An Indian multinational corporation providing information technology, consultant, and business process services, Wipro CHRO has said that there will be no more hiring with 30% hike. According to media reports, due to the current market situation of economic slowdown and lower hiring environment, the company’s Chief Human Resources Officer Saurabh Govil said that IT professionals […]

Jun 12, 2023

Compensation

NDTV announces 11.50 percent salary hike post-Adani takeover

Earlier in December, Gautam Adani took over the control of New Delhi Television Ltd (NDTV.NS) as the company’s founders decided to sell most of their shares. The Adani Group took control of about 65% of the Indian broadcaster. Now, NDTV has raised the salaries for all verticals and the appraisal process has been transparent. The overall salary […]

Jun 10, 2023

Compensation

Infosys Chairman Nandan Nilekani voluntarily refuses to take salary

For the financial year 2022-23, Infosys Chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services rendered to the company. The break-up of the remuneration includes fixed salary – base salary, retiral benefits, total fixed salary, bonus/ incentives/ variable pay, perquisites on account of stock options exercised, and commission. The company has just […]

Jun 8, 2023

Compensation

Ernst & Young (EY) announces promotions across the globe

The Ernst & Young (EY) organization has announced that 966 people have been promoted to partner across the globe, reflecting continued growth and strong business performance by the organization. Similarly, emerging markets represent a third of new partners, at 33%. The significant number of partner promotions demonstrates the Ernst & Young (EY) commitment to offering […]

Jun 5, 2023

Compensation

Infosys CEO Salil Parekh’s salary drops by 21%: Report

According to a report of Business Today, Infosys CEO Salil Parekh’s total salary has been reduced for the financial year 2022-23. The report also suggested that his salary is higher than the average Infosys employee. The average Infosys employee earned Rs 10.3 lakh in the fiscal year 2022-23. The salary for FY23 is Rs 56.44 […]

Jun 5, 2023

Compensation

HCLTech changes its HR policy, impact on salaries, NITES in action

An Indian multinational information technology services provider company, HCLTech has recently changed its HR policy related to employee compensation. The company has revised its Engagement Performance Bonus (EPB) a performance-linked variable pay. EPB is a part of the variable pay of the employees. The company has now decided to pay EPB on a quarterly basis instead […]

Jun 2, 2023

Compensation

Leave Encashment limit increased for salaried employees

Tax exemption limit on leave encashment increased to Rs 25 lakh for non-government salaried employees. The tax exemption on leave encashment of non-government salaried employees (in respect of the period of earned leave at his credit at the time of his retirement, whether on superannuation or otherwise) was earlier up to a limit of Rs.3 […]

May 26, 2023

Compensation

Rishad Premji Wipro’s executive chairman takes half salary in FY23

A multinational corporation that provides information technology, consultant, and business process services, Wipro Chairman Rishad Premji has taken a 50 percent voluntary cut in his salary for the fiscal year 2023. Rishad Premji will receive $951,353 in total annual compensation in FY23. This is almost 50 per cent of FY22, his total compensation in FY22 […]

May 25, 2023

Compensation

SpiceJet hikes salary; pilots to receive Rs.7.5 lakhs per month

An Indian budget airline, SpiceJet has completed 18 years of flying. The airline commenced its first commercial flight on May 23, 2005, flying from Delhi to Ahmedabad. The company will hike the salary of the captains to Rs.7.5 lakhs per month for flying 75 hours. Apart from this, as part of its ongoing 18th-anniversary celebrations, the […]

May 25, 2023

Compensation

After Infosys Wipro announced more benefits to its employees

A multinational corporation that provides information technology, consultant, and business process service, Wipro has an allotment of approximately 3,98,733 shares to its eligible employees as stock options through an exchange filing. 3,96,893 shares were given under the ADS Restricted Stock Unit Plan 2004,1840 were allocated under the Restricted Stock Unit Plan 2007. According to reports, […]

May 20, 2023

Compensation

Infosys reduces Average Variable Payout for Q4FY23 to 60%

India’s second-largest IT giant Infosys said that the average variable payout for Q4FY23 has been reduced to 60 percent at an organization level. The employees will receive individual emails regarding the Payout. The variable pay would be disbursed along with the May salary. In Q1FY23, Infosys had lowered variable payout to 70 percent, which was then […]

May 18, 2023