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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
Indian employees likely to see highest salary hikes in , Report
Compensation

Indian employees likely to see highest salary hikes in , Report

Oct 27, 2022

Diamond crafting firm gives solar rooftop panels as Diwali gifts to , employees

One of the worlds leading diamond crafting companies, Shree Ramkrishna Exports Pvt. Ltd. SRK...

Industry
Oct 23, 2022
Diamond crafting firm gives solar rooftop panels as Diwali gifts to , employees

Cognizant rolls out - salary hikes for employees

An American multinational information technology services and consulting company, Cognizant has anno...

Compensation
Oct 19, 2022
Cognizant rolls out - salary hikes for employees

Salaries expected to restore to pre-pandemic level

According to TeamLease HRTech CEO Sumit Sabharwal, It is expected that certain sectors will restore ...

Compensation
Oct 17, 2022
Salaries expected to restore to pre-pandemic level
Delhi Government Increases Minimum Wages, Effective October 1
Compensation

Delhi Government Increases Minimum Wages, Effective October 1

Delhi Government has increased the minimum wages of unskilled, semi-skilled, and skilled workers of Delhi and it is effective from October 1, 2022. The government had earlier raised the minimum wage in May. This hike in wages is due to high rising inflation and has come just before Diwali. Deputy Chief Minister Manish Sisodia said, “Amidst […]

Oct 14, 2022
70% of TCS employees to get full variable pay in Q2
Compensation

70% of TCS employees to get full variable pay in Q2

An Indian multinational information technology service company, Tata Consultancy Services (TCS) will payout 100% variable pay for 70% of its employees. The company is paying variable pay to the employees just before the festive season which has been a great piece of news for the employees. Milind Lakkad, Chief Human Resources Officer, said, “We are going to pay […]

Oct 11, 2022
Wipro rolls out annual salary hikes to employees
Compensation

Wipro rolls out annual salary hikes to employees

Bengaluru-based, IT major Wipro has announced that it will be awarding annual increments to eligible employees for the year ending 2022. The employee will receive the salary increment in their September salary along with their merit salary increase letter. The company is expected to cover 96 percent of its employees. Earlier, Wipro said, “There is no […]

Sep 24, 2022
SpiceJet announces 20% salary hike for pilots
Compensation

SpiceJet announces 20% salary hike for pilots

India’s airline, SpiceJet has announced a 20 percent salary hike for its pilots from October this year onwards. According to an internal mail to all the pilots, Senior VP, Gurcharan Arora said, “The Spicejet has received the approval for a loan under the government’s ECLGS scheme.” “The first tranche of the payment has already been […]

Sep 23, 2022
Ford India finally strikes settlement deal with unions
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
SpiceJet Puts 80 Pilots on Leave Without Pay for 3 Months
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
Swiggy delivery partners on strike, demand better pay structure
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
Is the Economic Conundrum Shaping your Reward Agenda?
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
Lufthansa to hike pay for pilots
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
Tata Steel announces annual bonus, goodwill bonus for employees
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
SpiceJet is apparently not depositing PF in staff accounts
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
SpiceJet delays disbursal of salaries for the second straight month
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