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Indias IT major, Wipro is holding back the variable payouts of Q, June ending quarter for mid t...
According to Willis Towers Watsons Salary Budget Planning report, companies in India are expe...
Advisory firm Institutional Investor Advisory Services India Limited IiAS has opposed the proposal...
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
According to media reports, the Central government employees are likely to get a hike in Dearness Allowance next month. They have been waiting for a hike in their salary for quite some time. Although these are early speculations only. The employees will have to wait for an official announcement on the matter. Dearness Allowance (DA) […]
