News: HR News, Trends & Workplace Insights

Former SBI chairman Rajnish Kumar, ex-Infosys CFO Mohandas Pai join Byjus advisory council

The founders of BYJUS are pleased to announce that Rajnish Kumar and TV Mohandas Pai have acc...

C-Suite Move

Latest news: Former SBI chairman Rajnish Kumar, ex-Infosys CFO Mohandas Pai join Byjus advisory council - SightsIn Plus

Godfrey Phillips India appoints Sakshi Anand as CHRO

A flagship company of Modi Enterprises, Godfrey Phillips India Limited has appointed Sakshi Anand as...

CHRO Move

Latest news: Godfrey Phillips India appoints Sakshi Anand as CHRO - SightsIn Plus

CBI books EPFO official, Jet Airways employees PF fraud case

The Central Bureau of Investigation CBI has registered an FIR againstnbspan EPFO official, and ...

Latest news: CBI books EPFO official, Jet Airways employees PF fraud case - SightsIn Plus

Wipro Q1FY24: headcount down by 8,812 employees, attrition 17.3

Wipro Limited a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter that ended June 30, 2023. “Wipro’s first-quarter results come with a strong backbone of large deal bookings, robust client additions, and resilient margins,” said Thierry Delaporte, CEO and Managing Director. “Despite a gradual reduction in […]

Airtel and VI rewarded 7-8% salary hikes; bonuses up to 110%

Telecom companies Airtel and Vodafone Idea have rewarded their employees with 7-8 per cent pay increments for the financial year 2023 (FY23). Airtel has given top talent a 110 percent bonus, and Vodafone Idea followed with a 100 percent bonus. However, Reliance Jio has not announced the increments till now. Increment plays an important role […]

TCS rolls out annual pay hikes, and promotions; effective from April

India’s largest IT services provider firm, Tata Consultancy Services (TCS) has announced a salary hike for its employees, despite the 200-bps impact on the company’s operating margin. TCS CFO Samir Seksaria said, “The annual pay hikes effective from April 1, would result in a 200-basis-point hit on the operating margin, which currently stands at 23.2%.” The […]

Policybazaar employees win houses, cars as new R&R initiative

Policybazaar last week concluded Season 3 of Jeeto Apna Ghar (JAG), an award-winning employee-focused initiative. The company said that across three successful seasons, policybazaar’s Jeeto Apna Ghar contest has 23 houses and 8 cars given out till date – prize money of over 25 Cr. Amid overwhelmingly positive employee feedback, Policybazaar last week concluded Season […]

Deloitte, PwC, IBM set up offices in India’s smaller cities

The major firms including Deloitte, PwC, and IBM are stepping up investments in new Indian facilities away from bigger cities as global demand for cheaper back office operations. As per report, Ernst & Young in June said it expects multinationals to set up “global capability centres” for all types of industries in tier-2 cities such […]

Hiring

McKinsey is hiring for Internship & Experienced jobs, Check Details

A global management consulting firm, McKinsey & Company is hiring for various roles including Internship & experienced Jobs. Internship Associate Intern: The company said that in this role, you will help clients in private, public, and social sectors solve their most pressing problems. You will also work with many experts, from data scientists and researchers to […]

HCLTech sees headcount reduction in Q1FY24, defers pay hikes

HCLTech, a leading global technology company, announced its financial results for Q1FY24, the quarter ended June 30, 2023. C Vijayakumar, CEO, and Managing Director, HCLTech, said, “In Q1FY24, our revenue and people strength sequentially moderated in line with the demand environment.” “We delivered a 6.3% YoY growth in constant currency. We experienced strong growth in […]

TCS CHRO: 55% of employees working 3 days a week from office

India’s largest IT services firm, Tata Consultancy Services (TCS) reported its consolidated financial results for Q1FY24 the quarter ending June 30, 2023. The IT giant reported a 16.84 per cent year-on-year (YoY) rise in its consolidated net profit. But on a quarter-on-quarter (QoQ) basis, TCS’ consolidated net profit was down 2.8 per cent. K Krithivasan, […]

Demise

Bengaluru former employee of tech firm kills MD and CEO

A former employee of a tech firm has killed Managing Director and Chief Executive Officer. The incident took place at the company’s office in Bengaluru. The deceased persons have been identified as Vinu Kumar, the CEO of Aeronics Media Pvt ltd, and Phanindra Subramanya, the firm’s MD. The police informed to media that the incident […]

Wipro to invest $1 Billion in AI & train all 250,000 employees on AI

Wipro Limited, a leading technology services and consulting company, announced the launch of Wipro ai360, a comprehensive, AI-first innovation ecosystem that builds on Wipro’s decade-long investments in artificial intelligence (AI) with the goal of integrating AI into every platform, every tool, and every solution used internally and offered to clients. Along with the launch of Wipro ai360, […]

IT Union urges Labour Ministry to intervene as TCS defers joining

An IT employees union, Nascent Information Technology Employees Senate (NITES) has written a letter to the Labour Minister urging them to take action as Tata Consultancy Services (TCS) reportedly delayed the onboarding of several lateral hires. NITES has asked the Minister for Labour and Employment Bhupender Yadav to intervene in the matter. According to reports, […]

Jul 12, 2023