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

Bank of America launches a New Sabbatical Program

Sep 24, 2022

Wipro rolls out annual salary hikes to employees

Bengaluru-based, IT major Wipro has announced that it will be awarding annual increments to eligible...

Compensation

Sep 24, 2022

Latest news: Wipro rolls out annual salary hikes to employees - SightsIn Plus

SpiceJet announces salary hike for pilots

Indias airline, SpiceJet has announced a percent salary hike for its pilots from October this ye...

Compensation

Sep 23, 2022

Latest news: SpiceJet announces salary hike for pilots - SightsIn Plus

Ford India finally strikes settlement deal with unions

Ford India, the subsidiary of United States-based automaker Ford on Thursday said it has arrived at ...

Compensation

Sep 23, 2022

Latest news: Ford India finally strikes settlement deal with unions - SightsIn Plus

Compensation

SpiceJet Puts 80 Pilots on Leave Without Pay for 3 Months

India’s Most Preferred airline, SpiceJet has announced that it had made the temporary decision to put some pilots on leave without pay (LWP) for three months. This move has been taken into consideration to reduce costs. The pilots who have been forced to go on leave without pay are from the airline’s Boeing and Bombardier […]

Sep 22, 2022

Compensation

Swiggy delivery partners on strike, demand better pay structure

An Indian online food ordering and delivery platform, Swiggy delivery partners in Chennai are on strike demanding the withdrawal of a new pay structure introduced by the company. As per media reports, the revisions are as follows: The delivery executives have to complete 30 order deliveries daily. This summarizes the delivery executives’ entire day. As […]

Sep 22, 2022

Compensation

Honda overpaid staff bonuses, now asked for refund: Report

A Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment Honda has overpaid bonuses to the employees. During COVID -19 there had been increased inflation. On the other hand, many companies have laid off their employees and have also frozen their hiring. However, now Honda on the other end has paid excess bonuses […]

Sep 22, 2022

Compensation

OYO founder Ritesh Agarwal’s salary goes up 250%

Ritesh Agarwal, the Founder, and CEO of OYO, earned Rs. 5.6 crore in compensation in the last fiscal year, an increase of 250 percent from the year before, according to the firm’s filing with market regulator SEBI. Salary Cuts According to the regulatory filing, it showed that the company has cut the salaries of employees and bonus expenses significantly. Apart […]

Sep 20, 2022

Compensation

Sikkim Government hikes minimum wage by 67%

The Sikkim government has hiked the minimum wage for unskilled workers by 67 percent. Now, the current effective wages will be Rs 500. Labour Minister Lok Nath Sharma said that the minimum wage for daily wage for unskilled workers is increased from Rs. 300 to Rs. 500 effective from July 11, 2022. The labourers will be given […]

Sep 19, 2022

Compensation

HC backs Court Order asking General Motors India to pay 50% wages to staff

As major relief to over 1,000 protesting workers of General Motors India’s plant in Talegaon, Pune, the Bombay High Court has upheld the Pune Industrial Court’s directive to the auto major to pay 50% salary to the employees. In July 2021, the Industrial Court in Pune directed the Indian unit of General Motors to pay […]

Sep 19, 2022

Compensation

Lufthansa to hike pay for pilots

The Germany Carrier, Lufthansa Airlines Group has agreed to pay increased salaries to its pilots at Lufthansa and Lufthansa Cargo. During the coronavirus, the airline terminated the agreement and started to set up a new airline with lower pay scale conditions. Michael Niggemann, Chief Human Resources Officer and Labor Director of the Deutsche Lufthansa Airlines […]

Sep 16, 2022

Compensation

Capgemini announces its 9th Employee Share Ownership Plan

IT major, Capgemini has announced the launch of its ninth Employee Share Ownership Plan (ESOP). This new employee share ownership plan is offered to approximately 97% of the employees and is part of the Group’s policy to associate all employees with its development and performance. This ESOP will be implemented through a capital increase reserved […]

Sep 14, 2022

Compensation

Tata Steel announces annual bonus, goodwill bonus for employees

The top global steel company, Tata Steel Jamshedpur has announced 20% annual bonus and a Rs 20K goodwill bonus. This year, the bonus amount will be credited to employees’ bank accounts by September 15, ahead of Durga Puja, according to Union officials. The company will disburse Rs.317.51 crore annual bonus for 23,710 employees for the year […]

Sep 12, 2022

Compensation

SpiceJet is apparently not depositing PF in staff accounts

India’s most preferred airline, SpiceJet financial crisis is hurting employees. Earlier, Chief Financial Officer Sanjeev Taneja had also quit the organization due to concerns over mounting losses. It is now reported that the airline company has emerged in failing to deposit PF in employees’ accounts. A SpiceJet spokesperson said, “There has been certain deferral on discharging […]

Sep 6, 2022

Compensation

TCS ends Anniversary Appraisal Policy for new lateral employees

According to media reports, India’s largest IT services provider, Tata Consultancy Services (TCS) has stopped its anniversary appraisal policy for newly joined lateral employees, effective from April 1, 2022. Under the anniversary appraisal policy, a newly joined employee gets an appraisal when completes a full year of service in TCS from the date of joining. Instead of this, […]

Sep 3, 2022

Compensation

TCS to pay 100% variable pay to its employees, No Delay

India’s largest IT services firm, Tata Consultancy Services (TCS) clarified that it has not delayed payments of variable pay to its employees for Q1. The company further clarified that it is normal to give it in the first or second month and said, “All our compensation and bonus cycles are as per plan.” The email sent by […]

Aug 24, 2022