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: Sep 2022

Compensation

SpiceJet is apparently not depositing PF in staff accounts

Sep 6, 2022

TCS ends Anniversary Appraisal Policy for new lateral employees

According to media reports, Indias largest IT services provider, Tata Consultancy Services TCS ha...

Compensation

Sep 3, 2022

Latest news: TCS ends Anniversary Appraisal Policy for new lateral employees - SightsIn Plus

TCS to pay variable pay to its employees, No Delay

Indias largest IT services firm, Tata Consultancy Services TCS clarified that it has not delayed ...

Compensation

Aug 24, 2022

Latest news: TCS to pay variable pay to its employees, No Delay - SightsIn Plus

Twitter employees may only receive of their annual bonus

The microblogging platform, Twitter has recently informed its employees that they would be receiving...

Compensation

Aug 23, 2022

Latest news: Twitter employees may only receive of their annual bonus - SightsIn Plus

Compensation

Infosys cuts average Variable Pay to 70% for the first quarter

India’s second-largest IT services company Infosys has scaled back the average variable payout of employees to about 70 per cent for the June quarter amid margin squeeze and high employee costs, according to sources. Recently, Wipro held back the variable pay of employees mainly due to pressure on margins, inefficiency in its talent supply chain, […]

Aug 23, 2022

Compensation

TCS delays variable pay for select employees after Wipro: Report

India’s largest IT services firm, Tata Consultancy Services (TCS) has delayed variable compensation payments to select employees by about a month for the June 2022 quarter. Recently, Bengaluru-based, Wipro also held back the variable pay of some employees while trimming the percentage of the compensation for freshers. However, TCS claims all its compensation and bonus […]

Aug 22, 2022

Compensation

IT companies including TCS, Infosys, and Wipro offering salary hike

A lot of IT companies in India have struggled with significant attrition rates over the previous several quarters. To address this issue companies have decided to revise their salaries. Many IT companies, Wipro, Infosys, and TCS have announced initiatives, including compensation increases and bonus payments to retain personnel. The following are the details of IT […]

Aug 19, 2022

Compensation

Wipro holds back Q1 variable pay for mid, senior-level employees

India’s IT major, Wipro is holding back the variable payouts of Q1, June 30 ending quarter for mid to senior-level employees. According to the people that are aware of the matter informed said that it is due to the pressure on operating margins. However, the freshers and the employees till the position of the team leaders […]

Aug 18, 2022

Compensation

Companies in India are likely to give 10% salary hike in 2023

According to Willis Towers Watson’s Salary Budget Planning report, companies in India are expected to give a salary hike of 10 percent in 2023. Rajul Mathur, Consulting Leader India – T&R at Willis Towers Watson said, “Despite the economic headwinds, higher projections for 2023 reflect cautious business optimism and a continued tight labour market, WTW Consulting Leader […]

Aug 17, 2022

C-Suite Move

IiAS opposes reappointment of Paytm CEO Vijay Shekhar Sharma

Advisory firm Institutional Investor Advisory Services India Limited (IiAS) has opposed the proposal to reappoint Vijay Shekhar Sharma as the Chief Executive Officer (CEO) of Paytm for another five years. The advisory firm is also against the reappointment of Ravi Chandra Adusumalli as Paytm director. IiAS is a proxy advisory firm that provides suggestions to funds on […]

Aug 13, 2022

Compensation

Shell earns bumper profits, gives 8% bonus to staff

The oil company, Shell is handing nearly all of its 82,000 staff a bonus equivalent to 8% of their salary after it reported record profits amid soaring energy prices. The British multinational is making the one-off payment to the vast majority of its employees around the world, only excluding those on its executive committee, executive […]

Aug 5, 2022

Compensation

Zimyo becomes a shark tank for young start-ups as employee experience comes into picture

The unbeaten firm Zimyo, a prime HR-Tech platform, launched an initiative for fresh start-ups by offering their HR and Payroll suite at no cost. In an episode of a reality TV show that aired last year, a male entrepreneur, Peyush Bansal, spoke enthusiastically about his initial days of turning his dream of ‘vision correction’ into […]

Aug 4, 2022

Compensation

IndiGo to reinstate pilot salaries to pre-Covid levels from November

India’s largest passenger airline, IndiGo is planning to restore the salaries of pilots by 6 percent from September 2022. The airline is planning to bring back the salaries of pilots to pre-COVID levels by November 2022. Another 6 percent hike is planned for November. According to reports, the airline has already reinstated overtime allowance for […]

Aug 2, 2022

Compensation

Zomato has allotted shares to employees at 1 rupee

Online food delivery platform, Zomato has allotted nearly 4.66 crore shares to its employees from its employee stock option plan (ESOP) pool at the face value of Rs 1. The company said in its note, “We wish to inform you that the nomination and remuneration committee of the board of directors of the company at […]

Jul 28, 2022

Compensation

TCS employees to get 6-8% salary hike this year

India’s largest IT services provider company, Tata Consultancy Services (TCS) has said that the IT company gave a salary hike of 6-8% in FY22 and will be looking at similar increments with an upward bias in FY23. TCS Chief, Rajesh Gopinathan has received Rs 25.76 crore total compensation in FY22. This is nearly a 27% jump from […]

Jul 23, 2022

Compensation

EY staff paycheques were reversed from staff accounts due to error

The leading global professional services organization, Ernst & Young Global Ltd. (EY) U.S. employees’ paycheques were accidentally reversed by the payroll provider ADP. The salary was erroneously reversed on EY’s July 15 payroll impacting the US employees. The company was working urgently with ADP to fix the error. This has affected all of its roughly 55,000 US […]

Jul 22, 2022