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: Feb 2023

Compensation

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

Feb 28, 2023

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 it...

Compensation

Feb 24, 2023

Latest news: Flipkart will not give salary hikes to its senior employees this year - SightsIn Plus

Amazon is likely to cut salaries of some employees by

According to Business Insider reports, an American multinational technology company, Amazon corporat...

Compensation

Feb 23, 2023

Latest news: Amazon is likely to cut salaries of some employees by - SightsIn Plus

Citigroup CEO Jane Fraser Gets Salary Hike

An American multinational investment bank and financial services corporation, Citigroup Chief Execut...

Compensation

Feb 23, 2023

Latest news: Citigroup CEO Jane Fraser Gets Salary Hike - SightsIn Plus

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

Compensation

Apple CEO to take a 40% pay cut

An American multinational technology company, Apple Chief Executive Officer (CEO) Tim Cook will take a 40% pay cut in 2023. The pay cut was based on the balance sheet feedback, Apple’s exceptional performance, and a recommendation. The current salary of Tim Cook was USD 49 million (Rs 3,98,75,71,000) in 2023. Earlier, Tim Cook earned USD 99.4 million […]

Jan 14, 2023

Compensation

TCS rolls out 100% variable pay for the majority of the workforce

India’s largest IT major, As per the reports, Tata Consultancy Services (TCS) has decided to give 100 percent variable pay to almost all junior-level employees of its workforce for the quarter that ended in December, Q3FY23. On the other end, the senior employees will get their variable pay based on business performance. Additionally, the amount […]

Jan 12, 2023

Compensation

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 rent allowance (HRA). There are three cases where government employees are not entitled to HRA. The HRA will be provided to Central Government Employees and is calculated based on the pay drawn in the 7th Pay Commission (7th CPC) recommendations, […]

Jan 10, 2023

Compensation

Evergreen Marine announces bonuses worth 50 months’ salary

A Taiwanese container transportation and shipping company, Evergreen has announced bonuses worth 50 months’ salary. The amount for bonuses for employees varies depending on an employee’s job grade and function and is only applicable to staff. The company has added this is the year-end bonuses are always based on the company’s performance for the year. Evergreen […]

Jan 9, 2023