Explore the latest Compensation news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
The Sikkim government has hiked the minimum wage for unskilled workers by percent. Now, the curre...
As major relief to over , protesting workers of General Motors Indias plant in Talegaon, ...
The Germany Carrier, Lufthansa Airlines Group has agreed to pay increased salaries to its pilots at ...
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 […]
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 […]
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 […]
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, […]
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 […]
The microblogging platform, Twitter has recently informed its employees that they would be receiving only half of their annual bonus. As per report, the employees are receiving this due to economic uncertainty plaguing the company. The company shot off an email in which it blamed financial pressure for the move on the decision to trim […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
