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

Woman sacked for being pregnant awarded Rs Lakh compensation

Jan 3, 2023

Tamil Nadu govt announces hike in Dearness Allowance

Tamil Nadu Chief Minister MK Stalin has announced the hike in the Dearness Allowance DA by perce...

Compensation

Jan 2, 2023

Latest news: Tamil Nadu govt announces hike in Dearness Allowance - SightsIn Plus

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

According to various media reports, Indias largest IT Services Provider, Tata Consultancy Ser...

Compensation

Dec 30, 2022

Latest news: Does TCS announce a massive salary hike of up to for employees? - SightsIn Plus

Dream fines employees Rs lakh for disturbing co-workers on leave

The worlds largest fantasy sports platform, Dream has announced to fine employees Rs lakh for d...

Compensation

Dec 29, 2022

Latest news: Dream fines employees Rs lakh for disturbing co-workers on leave - SightsIn Plus

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

Compensation

EnKash rolls out special ‘Attitude Bonus’ for employees

India’s 1st, all-in-one comprehensive corporate cards & payments platform, EnKash has launched an industry-first incentive program called the “Attitude Bonus”. This program will provide an opportunity for employees with higher packages for demonstrating ownership and driving a larger impact. Naveen Bindal, Co-Founder, EnKash said, “A company’s team is one of its deal-breaking elements. While skills and […]

Nov 25, 2022

Compensation

Krispy Kreme to pay over $1.1 million in back wages

Krispy Kreme Doughnut Corp. has agreed to pay $1,187,757 in back wages and liquidated damages to 516 workers to resolve overtime violations in multiple locations found as part of a U.S. Department of Labor investigation. On Nov. 7, 2022, the department filed a complaint listing the violations and a consent order defining the settlement in […]

Nov 21, 2022

Compensation

Jet Airways Cuts Salaries, Sends Several Employees On Leave Without Pay

An Indian airline, Jet Airways has decided to send about 60 percent of its employees to leave without pay (LWP) from December 1 for three months. Some of the senior management will also be part of LWP. The airline has also cut some employees’ salaries by up to 50 percent. The quantum would be higher […]

Nov 19, 2022

Compensation

Infosys to roll out 65% variable pay for Q2

India’s second-largest IT major, Infosys announced that its employees will be receiving 65 percent variable pay for the July – September quarter of FY23. According to the email sent to employees, the average payout at an organization level is 65% for Q2FY23 and the individual payout percentages will differ based on the individual’s performance and contribution […]

Nov 17, 2022