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: Jun 2023
Leave Encashment limit increased for salaried employees
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 […]

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

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

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After Infosys Wipro announced more benefits to its employees
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, […]

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Infosys reduces Average Variable Payout for Q4FY23 to 60%
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 […]

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IBM employee on Sick Leave for 15 years sued Co. for no pay rise
Compensation

IBM employee on Sick Leave for 15 years sued Co. for no pay rise

According to the reports of Livemint, An American multinational technology corporation, IBM employee has been on sick leave since 2008. He sued his company for discrimination because he did not receive a raise. He claimed, however, that he was a victim of ‘disability discrimination’ since his income had not been increased in the 15 years he […]

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Microsoft won’t give employees salary raise this year
Compensation

Microsoft won’t give employees salary raise this year

An American multinational technology corporation, Microsoft won’t raise the salary of employees this year for full-time employees. According to Reuters, a spokesperson for the tech giant said, “We recognize that navigating both a dynamic economic environment and a major platform shift requires us to make critical decisions in how we invest in our people, our […]

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Burger King employee gifted Rs 3 Cr for not taking a single leave in 27 yrs
Compensation

Burger King employee gifted Rs 3 Cr for not taking a single leave in 27 yrs

A 54-year-old Burger King employee has received over $400,000 nearly Rs 3.26 crore, on his retirement. he has never missed a day of work in 27 years. An Instagram page titled Kevin Ford shared the video and the caption read, “Keep Workers Nowadays, He Even Worked Through the Early Covid Days, Never Missing A Day of Work, […]

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TCS payroll generates Form 16 documents in record time
Compensation

TCS payroll generates Form 16 documents in record time

An Indian multinational information technology services and consulting company, Tata Consultancy Services (TCS) payroll will be generating Form 16 documents in record time. What Is Form 16? Using Form 16 you can prepare and file your income tax return. It shows the breakup of salary income and the TDS amount deducted by the employer. When will […]

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Woman claims Rs 50k salary not enough to survive in metro city
Compensation

Woman claims Rs 50k salary not enough to survive in metro city

The cost of living in a metro city is high. The cost of living is always on the higher side as room rent, groceries, medical facilities, and more are expensive. Recently, in a viral post on Twitter, a user, named Medha Ganti, shared this struggle of hers and said how it is impossible to survive […]

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Apple Store employees earning Rs 1.0 lakh with additional benefits
Compensation

Apple Store employees earning Rs 1.0 lakh with additional benefits

An American multinational technology company, Apple has recently expanded its presence in India. The company has opened its first official online store in Mumbai followed by Delhi. Mumbai’s Apple Store has been opened in Mumbai’s is located bustling Bandra Kurla Complex financial, arts, and entertainment district, and Delhi one has been opened in Saket. The […]

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TCS working on doubling the salary, and reducing disparity
Compensation

TCS working on doubling the salary, and reducing disparity

An Indian multinational information technology services and consulting company, Tata Consultancy Services (TCS) is looking forward to very high increments for new hires. TCS has already rolled out offers to 46,000 freshers for the FY24, at a time when the industry has been marred by onboarding delays in a challenging macroeconomic climate. The company has […]

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