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: Apr 2024

Compensation

TCS announces salary hike for top performers in double digits

Apr 13, 2024

Deloitte reports average CEO pay increase to INR . crore

According to the Deloitte India Executive Performance and Rewards Survey , average CEO compensat...

Survey & Report

Apr 8, 2024

Deloitte reports average CEO pay increase to INR . crore

TCS plans - average salary increase for offsite staff

Tata Consultancy Services TCS is preparing to introduce salary increments for its workforce in the...

Compensation

Mar 19, 2024

TCS plans - average salary increase for offsite staff

FIITJEE withholds salaries, citing a need for increased productivity

FIITJEE, as per Money Control, has frozen employee salaries, citing the necessity for heightened pro...

Compensation

Mar 13, 2024

FIITJEE withholds salaries, citing a need for increased productivity

Compensation

9.6% average salary hike for India Inc in 2024; attrition dropped

The EY report suggests that India Inc. is set for an average salary increase of 9.6% in 2024, similar to the actual increase in 2023. Abhishek Sen, Partner and Leader, Total Rewards, HR Technology and Learning, People Advisory Services, EY India said, “As we unveil our second edition of the ‘Future of Pay’ report, we provide industry stakeholders […]

Mar 7, 2024

Compensation

Wipro to offer employees 85% variable pay component

According to Financial Express report, a leading technology services and consulting company, Wipro plans to offer its employees an average 85% variable pay for the third quarter of the ongoing fiscal year. The company provided an average variable pay of 80% in the previous two quarters. The report also stated that Wipro’s recent email to employees […]

Mar 2, 2024

Compensation

Salary hike at manufacturing firms likely to be 10.1%

According to the Annual Salary Increase and Turnover Survey 2023-24 India by Aon plc, a prominent global professional services firm, salaries in India are projected to rise in 2024. The survey revealed that salaries in India are expected to increase by 9.5 percent in 2024, a slight drop compared to the actual increase of 9.7 […]

Feb 23, 2024

Compensation

Tips for Negotiating Your Salary at the Job Offer

Many individuals find themselves in a challenging position when it comes to salary negotiations. The fear of potentially jeopardizing a job offer or feeling uncomfortable discussing compensation can often lead to settling for less than what is actually deserved. However, with the right approach and preparation, you can effectively navigate this process and secure a […]

Feb 23, 2024

Compensation

Tech salaries are hit up to 40% as economic slowdown takes its toll

In the wake of an unprecedented economic slowdown, the technology industry is experiencing a significant blow to its once-flourishing job market. As companies struggle to adapt and survive in these challenging times, tech professionals are now facing substantial cuts to their salaries. The economic downturn on tech salaries, shedding light on the challenges faced by […]

Feb 19, 2024

Industry

Google offered 4x (300% hike) to retain the employees

According to BT report, American multinational technology company, Google recently offered 4x (300% hike) the salary to an employee who was considering a position at Perplexity AI. However the employee in question was not directly involved with Google’s AI division and instead worked on the search team. During an episode of The Big Technology Podcast, […]

Feb 19, 2024

Compensation

Sterlite Technologies (STL) announces salary cuts by 15 to 25%

As per multiple media reports, Sterlite Technologies Limited (STL), a prominent global provider of optical and digital solutions, has implemented salary reductions ranging from 15% to 25%. In light of the prevailing market conditions and to position the company for sustained success in the long term is reducing the salary for its employees. This decision […]

Feb 17, 2024

Compensation

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 the company to roll out the salary hike in December. However, the recent report of TOI stated that some of the employees will receive their hikes in January as some of the business units are finalizing their budgets. On the […]

Dec 26, 2023

Compensation

Infosys hands out salary hike letters, average pay hike below 10%

According to ET report, an Indian multinational information technology company, Infosys handed over salary hike letters to a large number of employees on Friday, Dec 15, 2023. It does not include reviews for entry-level workers of the IT services major, according to people aware of the matter, the ET report added. The average hike this […]

Dec 16, 2023

Industry

Work-life balance is no longer a top priority for job aspirants in 2024

Job aspirants from 2020 to 2023 sought employers who valued and prioritized work-life balance. The COVID-19 pandemic accelerated trends toward remote work, prompting candidates to prioritize flexibility and a healthy work environment. Aspiring professionals increasingly considered companies that embraced remote or hybrid work models, recognizing the importance of accommodating personal life alongside career goals. Employers […]

Dec 8, 2023

Survey & Report

Companies in India anticipate salaries to increase by 9.8% in 2024

According to the reports of WTW’s latest Salary Budget Planning, It is expected that the median salary increase in India is forecasted to rise by 9.8% in 2024 which is close to the actual salary increase of 10% in 2023. It is expected that the 2024 salary increase for Vietnam is projected at 8%, followed […]

Dec 8, 2023

Compensation

Byju’s delays November salary of around 1000 employees

An Indian multinational educational technology company, Byju’s has delayed the November salary of around 1000 employees. The company generally transfers the salaries on the first of each month. According to Economic Times reports the company said, “We have noticed a delay in processing salaries for some limited employees due to an unexpected technical glitch.” “The […]

Dec 4, 2023