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: Nov 2022

Compensation

Deutsche Bank announces to pay inflation bonus to employees

Nov 11, 2022

Wipro rolls out variable pay for Q along with Novs payroll

Indias IT services provider company, Wipro rolls out percent variable pay along with Novembers...

Compensation

Nov 5, 2022

Latest news: Wipro rolls out variable pay for Q along with Novs payroll - SightsIn Plus

Infosys rolls out variable pay for BPM employees

The business process management subsidiary of Infosys Ltd., Infosys BPM business process management...

Compensation

Nov 3, 2022

Latest news: Infosys rolls out variable pay for BPM employees - SightsIn Plus

Indian employees likely to see highest salary hikes in , Report

Soaring inflation is set to put a major dent in salary hikes for the second year running in , ac...

Compensation

Oct 27, 2022

Latest news: Indian employees likely to see highest salary hikes in , Report - SightsIn Plus

Compensation

Infosys confirms 10-13% salary hike, embarks on wage cost battle

According to a mint report, an Indian multinational information technology company, Infosys Ltd has confirmed the salary hike for employees. The increments depend on an employee’s grade, with the senior management receiving lower salary hikes as their salaries are high. Infosys has added that a section of top performers receives 20-25% increments. However, it further […]

Oct 20, 2022

Compensation

SpiceJet announces steep salary hike for pilots ahead of Diwali

SpiceJet has announced a revised salary structure for its captains ahead of Diwali, in which the carrier increased their monthly remuneration by around 55 per cent to Rs700,000 for a total of 80 hours of flying. “Captains’ salaries revised to INR 7 lakh per month for 80 hours of flying. SpiceJet has been revising pilot […]

Oct 20, 2022

Compensation

Cognizant rolls out 7-10% salary hikes for employees

An American multinational information technology services and consulting company, Cognizant has announced that the company is rolling out annual salary hikes for employees ranging between 7% to 10%. However, the company has also stated that employees in Germany and France may have to wait for new salary hike letters. The main reason behind the delay is […]

Oct 19, 2022

Compensation

Salaries expected to restore to pre-pandemic level

According to TeamLease HRTech CEO Sumit Sabharwal, It is expected that certain sectors will restore salaries to the pre-pandemic mark. The salary is expected to be restored by the end of this financial year aided by the recovery in economic activities. The companies are trying to work as a pre-pandemic work model only. Sumit Sabharwal […]

Oct 17, 2022

Compensation

Biz2Credit offers BMW bikes, iPad Air, 40X bonus to employees

Hard work pays off, and Biz2Credit, a provider of an online marketplace for small business funding, turned this phrase into a grand reality! At the Biz2Credit Annual Diwali Dhamaka, Biz2Credit employees reaped the rewards of the outstanding contributions they made in the past year. Taking centre stage at the Biz2Credit Annual Diwali Dhamaka on 8th […]

Oct 14, 2022

Compensation

Delhi Government Increases Minimum Wages, Effective October 1

Delhi Government has increased the minimum wages of unskilled, semi-skilled, and skilled workers of Delhi and it is effective from October 1, 2022. The government had earlier raised the minimum wage in May. This hike in wages is due to high rising inflation and has come just before Diwali. Deputy Chief Minister Manish Sisodia said, “Amidst […]

Oct 14, 2022

Compensation

70% of TCS employees to get full variable pay in Q2

An Indian multinational information technology service company, Tata Consultancy Services (TCS) will payout 100% variable pay for 70% of its employees. The company is paying variable pay to the employees just before the festive season which has been a great piece of news for the employees. Milind Lakkad, Chief Human Resources Officer, said, “We are going to pay […]

Oct 11, 2022

Compensation

TCS says no change in increment policy for employees

India’s largest IT services provider, Tata Consultancy Services (TCS) has denied any change in its increment policy. The company has also said that there is no salary reduction for any employee. The company said that all its experienced employees will get an annual salary appraisal. Earlier, there have been reports claiming Tata Consultancy Services has reduced […]

Oct 3, 2022

Compensation

Zerodha Announces Rs. 10 Lakh Bonus as Fitness Challenge

Financial services company, Zerodha has said that it’s giving away 1 month salary as a bonus to employees who met their fitness goals after the covid lockdown. Zerodha chief Nithin Kamath has set a new health challenge for employees so that they take out time for workout/exercise/sports activities. This bonus was being offered to mark […]

Sep 28, 2022

Compensation

Wipro, TCS, Infosys pay salaries to engineers less than startups

Weekday has revealed that engineers working for startups get more annual salaries when compared to Indian IT companies like Wipro, TCS, and Infosys, among others. The data shows that employees are earning tens of lakhs per annum are particularly high if they are working with one of the product startups, instead of IT companies like […]

Sep 28, 2022

Compensation

11 lakh railway employees to get 78 days bonus before Dussehra

India’s national railway system, Indian Railways has announced that over 11 lakh railway employees will receive a 78-day bonus before Dussehra. However, the Union cabinet will approve this week. The Railway Board has put forward the proposal of a 78-day bonus to the Centre. During this process of bonus, there will be an expenditure of […]

Sep 27, 2022

Compensation

Bank of America launches a New Sabbatical Program

One of the world’s largest financial institutions Bank of America launches New Sabbatical Program and under this new initiative, it provides 4-6 weeks of additional paid leaves to its employees. Commenting on this program the company said, “As part of our commitment to be a great place to work, the Bank of America Sabbatical Program […]

Sep 24, 2022