Compensation & Benefits: HR News, Trends & Workplace Insights

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

Updated on: Oct 2022

Compensation

Delhi Government Increases Minimum Wages, Effective October

Oct 14, 2022

of TCS employees to get full variable pay in Q

An Indian multinational information technology service company, Tata Consultancy Services TCS will...

Compensation

Oct 11, 2022

of TCS employees to get full variable pay in Q

Wipro rolls out annual salary hikes to employees

Bengaluru-based, IT major Wipro has announced that it will be awarding annual increments to eligible...

Compensation

Sep 24, 2022

Wipro rolls out annual salary hikes to employees

SpiceJet announces salary hike for pilots

Indias airline, SpiceJet has announced a percent salary hike for its pilots from October this ye...

Compensation

Sep 23, 2022

SpiceJet announces salary hike for pilots

Compensation

Ford India finally strikes settlement deal with unions

Ford India, the subsidiary of United States-based automaker Ford on Thursday said it has arrived at a settlement with the employees union on the severance package following the company’s decision to shut its Tamil Nadu plant as part of a restructuring exercise. Accordingly, the company would revise the final severance settlement to an average equivalent […]

Sep 23, 2022

Compensation

SpiceJet Puts 80 Pilots on Leave Without Pay for 3 Months

India’s Most Preferred airline, SpiceJet has announced that it had made the temporary decision to put some pilots on leave without pay (LWP) for three months. This move has been taken into consideration to reduce costs. The pilots who have been forced to go on leave without pay are from the airline’s Boeing and Bombardier […]

Sep 22, 2022

Compensation

Swiggy delivery partners on strike, demand better pay structure

An Indian online food ordering and delivery platform, Swiggy delivery partners in Chennai are on strike demanding the withdrawal of a new pay structure introduced by the company. As per media reports, the revisions are as follows: The delivery executives have to complete 30 order deliveries daily. This summarizes the delivery executives’ entire day. As […]

Sep 22, 2022

Compensation & Benefits

Is the Economic Conundrum Shaping your Reward Agenda?

We live in a yo-yo world. Great resignation was the biggest headline in the HR world just a few months ago and now it’s the great “deprecession”. If only there was a crystal ball to gaze through and understand which side of the spectrum we stand. Is it depression or recession or a bit of […]

Sep 19, 2022

Compensation

Lufthansa to hike pay for pilots

The Germany Carrier, Lufthansa Airlines Group has agreed to pay increased salaries to its pilots at Lufthansa and Lufthansa Cargo. During the coronavirus, the airline terminated the agreement and started to set up a new airline with lower pay scale conditions. Michael Niggemann, Chief Human Resources Officer and Labor Director of the Deutsche Lufthansa Airlines […]

Sep 16, 2022

Compensation

Tata Steel announces annual bonus, goodwill bonus for employees

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 […]

Sep 12, 2022

Compensation

SpiceJet is apparently not depositing PF in staff accounts

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 […]

Sep 6, 2022

Industry

SpiceJet delays disbursal of salaries for the second straight month

India’s Most Preferred airline, SpiceJet has delayed the disbursal of salaries for the second straight month. The airline said that the payments will be made in a “graded format”. The employees on Wednesday informed about the delay. This is the second time that the company has delayed the salaries. The company has to release Form 16 for the financial […]

Sep 1, 2022

Compensation

Shell earns bumper profits, gives 8% bonus to staff

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 […]

Aug 5, 2022

Industry

A company buys lottery tickets for 50000 employees

A CEO of a US restaurant Todd Graves, founder and CEO of Raising Canes, and co-CEO AJ Kumaran has bought 50,000 Mega Millions lottery tickets. The ticket has been purchased to increase the chances of winning the $830 million (Rs 6,624 crore) prize. The CEO plans to share the win with all his employees. Todd […]

Aug 2, 2022

Compensation

IndiGo to reinstate pilot salaries to pre-Covid levels from November

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 […]

Aug 2, 2022

Compensation & Benefits

IndiGo hikes salaries by 8% for the second time in 2022

India’s largest passenger airline, IndiGo has hiked the salaries by 8% for the second time in 2022. This will be effective from August 1. However, even after Thursday’s 8% increase, the salaries remain lower than the pre-Covid levels. IndiGo has also decided to restore overtime allowance for pilots to the pre-Covid level. Earlier, the airline […]

Jul 10, 2022