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Compensation 2023: HR News, Trends & Workplace Insights

Latest Compensation 2023 HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Compensation 2023.

Updated on: Feb 2024
Sterlite Technologies STL announces salary cuts by to
Compensation

Sterlite Technologies STL announces salary cuts by to

Feb 17, 2024

Infosys continues to defer the roll-out hikes in January

The IT major, Infosys had earlier deferred the salary hikes of their employees and it was expected t...

Compensation
Dec 26, 2023
Infosys continues to defer the roll-out hikes in January

Infosys hands out salary hike letters, average pay hike below

According to ET report, an Indian multinational information technology company, Infosys handed over ...

Compensation
Dec 16, 2023
Infosys hands out salary hike letters, average pay hike below

Work-life balance is no longer a top priority for job aspirants in

Job aspirants from to sought employers who valued and prioritized work-life balance. The C...

Industry
Dec 8, 2023
Work-life balance is no longer a top priority for job aspirants in
Wipro may skip salary hikes for top performers
Compensation

Wipro may skip salary hikes for top performers

As per the media reports, it is expected that Wipro may skip salary hikes for top performers with higher compensation packages in the upcoming round of salary increases effective by December 1. According to Reuters, Nagendra Bandaru, managing partner and president of the “Enterprise Futuring” business line told employees in an e-mail, “We are doing […]

Nov 9, 2023
HCLFoundation to skill Indian youth in manufacturing industry
Industry

HCLFoundation to skill Indian youth in manufacturing industry

HCLFoundation, which delivers the corporate social responsibility agenda of HCLTech in India, has signed a memorandum of understanding (MoU) with Stanley Black & Decker, a worldwide leader in tools and outdoor powered equipment, to skill youth in India to make them employable in the manufacturing industry. Stanley Black & Decker will establish training and development […]

Oct 13, 2023
Infosys to skip campus hiring, announced salary hike from Nov. 1
Compensation

Infosys to skip campus hiring, announced salary hike from Nov. 1

An Indian multinational information technology company, Infosys to roll out wage hikes for employees from November 1. The company will skip campus hiring this year as it has a ‘way to go’ on utilization. However, it is monitoring the situation every quarter. Infosys Nilanjan Roy, Chief Financial Officer (CFO) said, “Wage hikes are announced and will […]

Oct 13, 2023
Accenture will not hike salaries for Indian employees
Compensation

Accenture will not hike salaries for Indian employees

An Irish-American professional services company, Accenture will not hike salaries for Indian and Sri Lankan employees for fiscal year 2023. Accenture is also postponing promotions across senior management until June 2024. The company experienced a macro environment which was more challenging than anticipated at the beginning of FY23. As reported by the Economic Times, In an […]

Oct 13, 2023
Wipro to roll out merit salary increases, effective by December 1
Compensation

Wipro to roll out merit salary increases, effective by December 1

An Indian multinational corporation that provides information technology, Wipro to roll out merit salary increases, effective by December 1. As per the reports of The Economic Times an email to employees from Chief Human Resources Officer Saurabh Govil said, “Despite the current challenging and uncertain global market conditions, we are pleased to announce that our […]

Oct 11, 2023
Wipro to roll out salary hikes in October quarter
Compensation

Wipro to roll out salary hikes in October quarter

An Indian multinational corporation, Wipro to roll out salary hikes in the October-December quarter, an average increase is expected at 6%-8%. According to Times of India, it is expected that the top performers at the organization will receive a salary hike in double-digit. Earlier, Wipro had postponed the salary hike of its employees to the […]

Sep 29, 2023
Infosys to begin fresh appraisal cycle; last year hikes still pending
Compensation

Infosys to begin fresh appraisal cycle; last year hikes still pending

An Indian multinational information technology company, Infosys will be beginning a fresh appraisal cycle for its employees. The current performance evaluation at Infosys is for October 2022 to September 2023. The company will start its ‘performance review cycle–October 2023’ with self-evaluation on September 29. According to Economic Times, In the previous year, the appraisal process […]

Sep 27, 2023
HR cuts employee salary after being stuck in company’s elevator
Social Media

HR cuts employee salary after being stuck in company’s elevator

The salary deduction can be different but recently a Reddit user shared a post saying that his salary was deducted by the HR after being stuck in company’s elevator. The post recently shared on Reddit said, “My office is on 7th floor and we need elevator to go up and down and from past few […]

Sep 27, 2023
Salary expectation is intimidating to answer for freshers, here’re tips
Social Media

Salary expectation is intimidating to answer for freshers, here’re tips

Salary expectations are intimidating to answer for freshers. IT industry exploiting freshers but pays bigger salaries to seniors, says Ex Infosys director Mohandas Pai Recently, a final-year B.Tech student from NIT Jalandhar took to X (formally Twitter) on the relatively low salaries for fresh graduates and demanding work conditions. He shared a screenshot highlighting the terms and conditions of Tech […]

Sep 16, 2023