Latest Bonus HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Bonus.
Target to pay bonus to workers as thank you for work amid COVID- Pandemic Retai...
Harley-Davidson to pay the discretionary bonus in February Harley-Davidson Inc said on Friday the hu...
Accenture pays bonuses, plans significant promotions in December cycle IT major, a Fortune Global ...
Salary cuts are getting rolled back, getting back to Normal? After reducing salaries owing to the pandemic, various companies are now bringing remunerations back to normal. Over the last three weeks, several technology bellwether firms like TCS, Infosys, Wipro, HCL, Tech Mahindra and Mindtree, etc have announced plans to give out salary increments and bonuses. […]
Govt fixes calculation ceiling for non-productivity linked bonus at Rs 7,000 The finance ministry has fixed the calculation ceiling for computing non-productivity linked bonus (ad hoc bonus) for central government employees at Rs 7,000, implying that an employee will be entitled to a maximum bonus of Rs 6,908. “The quantum of Non-PLB will be worked […]
Infosys announces Salary Increment from Jan 2021, 100% Variable Pay, Special Bonus in Dec Quarter India’s 2nd largest IT services firm, Infosys has announced to roll out 100% variable pay in the July-September quarter along with a one-time special incentive to junior-level employees for the Q2. And the company will also be giving out salary […]
Bharti Airtel Chairman Sunil Mittal announces bonus for some employees Amidst COVID-19 crisis, job losses, and pay cuts, Bharti Airtel Chairman Sunil Mittal announces a bonus for some employees. In a mail to its senior employees, he mentioned that the one-time bonus is a token of appreciation to the employees. However, according to the media […]
Consulting firm PricewaterhouseCoopers (PwC India) has said it will announce promotions, compensation revisions, and bonus payouts for employees on October 1, 2020. The Company said, Performance scores for FY20 have already been shared with staff, and promotions and compensation changes will probably be introduced on October 1 and be efficient from that date. “Today we […]
Consulting firms Deloitte, KPMG, PwC, EY defer salaries and promotions, Partners take pay cuts The Indian arms of the four large consulting and auditing firms, PwC India, Deloitte India, KPMG, and EY India have all decided to defer their employee appraisal cycles, which includes deferring promotions and bonuses, because of the COVID pandemic- CNBC reports. […]
Motilal Oswal Financial Services has announced the payment of bonuses and performance-linked variable pay to the entire 6,000-plus employees of the group. Sudhir Dhar, Executive Director – Group CHRO at Motilal Oswal Financial Services Ltd said, “It gives immense satisfaction and comfort that we’ve been able to announce the bonus and promotions even during this lockdown.” He also […]
Accenture has paid bonuses and given promotions to a large section of its employees The time when several industries have deferred or suspended pay hikes and promotions, IT and professional services company Accenture has paid bonuses and given promotions to a large section of its employees. According to an ET report, the payouts have been made over the past few weeks to more than […]
IT firm, HCL has emphatically declared that despite the slowdown, and the economic impact of coronavirus, they will pay all promised bonuses all 150,000 employees, will honour the nearly 15,000 job offers already made to freshers, and no salary cuts for any employee. Apparao VV, Chief Human Resources Officer, HCL said that HCL won’t roll […]
According to a TOI report, In the current situation, Tech Mahindra‘s top executives forego their bonus/ variable payout in the June quarter – to absorb partially the financial impact of the pandemic. Harshvendra Soin, Chief People Officer in Tech Mahindra, said the variable payout/ bonus for the majority of employees has been protected and will […]
Coronavirus may hit appraisals. Employees might face delay and a decrease in salary hike and bonus during this appraisal season amidst the coronavirus outbreak. Employees may face delay or a decrease in salary increment and bonuses during this appraisal season, as coronavirus pandemic has affected many areas of business and hit markets on a global […]