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: Aug 2022

Compensation

Shell earns bumper profits, gives bonus to staff

Aug 5, 2022

A company buys lottery tickets for employees

A CEO of a US restaurant Todd Graves, founder and CEO of Raising Canes, and co-CEO AJ Kumaran has bo...

Industry

Aug 2, 2022

A company buys lottery tickets for employees

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

Indias largest passenger airline, IndiGo is planning to restore the salaries of pilots by percent...

Compensation

Aug 2, 2022

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

IndiGo hikes salaries by for the second time in

Indias largest passenger airline, IndiGo has hiked the salaries by for the second time in . ...

Compensation & Benefits

Jul 10, 2022

IndiGo hikes salaries by for the second time in

Industry

Company accidentally paid employee Rs. 1.4 cr instead of his actual salary

The company mistakenly paid 286 times an employee his salary last month. The company paid the employee 165,398,851 Chilean pesos (Rs 1.42 crore), instead of 500,000 pesos (Rs 43,000). This incident took place in the human resources area of Consorcio Industrial de Alimentos (Cial). On May 30, one of the company’s workers approached the deputy manager of […]

Jun 29, 2022

Industry

Rolls-Royce workers reject £2,000 cash bonus

A union representing thousands of Rolls-Royce workers in the UK has rejected the engineering group’s latest pay offer, £2,000 cash ‘bonus’ offered to help with the soaring cost of living as it “falls far short”. Rolls-Royce lump sum was due to be rolled out in August. The company has to start with the 3,000 non-unionized staff before […]

Jun 23, 2022

Industry

Spotify to slow its hiring by 25% due to Economic Uncertainty

Popular global audio streaming service, Spotify Technology Chief Executive Officer Daniel Ek has informed the staff that the company will reduce its hiring by 25%. Daniel said, “Spotify would reduce hiring growth by 25%. The company would continue to still hire and grow, we are just going to slow that pace and be a bit […]

Jun 16, 2022

Industry

Infosys CEO Salil Parekh’s Salary Jumps 43% To Rs. 71 Crore

India’s second-largest IT services firm, Infosys chief executive Salil Parekh’s total compensation has increased 43% to Rs 71 crore in the fiscal year 2021-22. The revised compensation comes into force as Salil Parekh is reappointed as CEO and MD of the company from 1 July 2022 and ending on 31 March 2027. Salil said in his […]

May 28, 2022

Industry

Microsoft slows hiring due to economic uncertainty

Software giant, Microsoft said it would be slowing down some of its hirings to become more cautious about adding staff. The company would be reducing the pace of hiring people for the software group that develops its Windows, Office, and Teams applications. If the company plans to expand its headcount, new hires for the software […]

May 27, 2022

Compensation & Benefits

Microsoft to double the budget for its employee salaries to retain them

Software giant, Microsoft Corporation CEO Satya Nadella said in a memo to staffers that the company is increasing compensation for its employees as the labor market tightens and employees contend with increasing inflation. Microsoft has planned to “nearly double” its budget for employee salary increment and boost the range of stock compensation to give some workers by […]

May 17, 2022

Industry

IndiGo pilots upset with 8% pay hike after 28% cut

Pilots of India’s largest passenger airline, IndiGo are disappointed over the recent 8 per cent salary hike announced by the airline. They were expecting the restoration of the 28 per cent cut, that was imposed two years back. “Around 28 per cent of our salary was cut during the pandemic, instead of restoring it to […]

Apr 5, 2022

Compensation & Benefits

The Right Process to Identify Pay Inequality and Fix It

Pay inequality is real and statistically established. It has always been there, in all societies and nations, industries all and sundry, regulated or unregulated. Legislations to combat unfair pay has had some effect over the past couple of centuries but there is a long way to go still before we can eliminate this evil from […]

Sep 7, 2021

Industry

Wipro’s new Rewards & Benefits programs to retain its employees

Recently in an Interview with SightsIn Plus, Saurabh Govil, President and CHRO, Wipro Ltd said that Attrition has always been a concern for the industry however now we are witnessing an unprecedented war for talent. He added, “We look at attrition at different levels. One level is the point at which attrition is happening and […]

Aug 31, 2021

Compensation & Benefits

Major Compensation Challenges in 2021

Major Compensation Challenges in 2021 As the fiscal draws to a close and COVID-19 vaccination already a reality, there is hope all around. Many countries including India are projected to have a V-shaped recovery and uncertainties of the last 6 months are now, for the most part, behind us. This optimism brings interesting challenges for […]

Feb 24, 2021

Compensation & Benefits

Top C&B Trends to Look-out for in 2021

Top C&B Trends to Look-out for in 2021 Compensation is one of the key differentiating factors for an organization to remain at the top. Many studies and analysis of exit interviews reveal that one of the main reasons for attrition, especially at entry-level to middle management, is compensation. Hence, to remain competitive, devising a compensation plan that […]

Feb 22, 2021

Compensation & Benefits

Incentive & Variable Pay Trends in 2021 and Beyond

Incentive & Variable Pay Trends in 2021 and Beyond Remuneration continues to remain one of the prime drivers of human behavior in contractual relationships. To orient strive of people and to shape outcomes, changes in remuneration structure & formats have been a continuous effort for long. Though form & extent of mix varies among different […]

Feb 21, 2021