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: Nov 2023

Compensation

Salary hike trends for when IT giants are deferring pay raises

Nov 20, 2023

Infosys to give variable pay to employees

An Indian multinational information technology company, Infosysnbspis planning to give an average ...

Compensation

Nov 17, 2023

Infosys to give variable pay to employees

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 hi...

Compensation

Nov 9, 2023

Wipro may skip salary hikes for top performers

HCLFoundation to skill Indian youth in manufacturing industry

HCLFoundation, which delivers the corporate social responsibility agenda of HCLTech in India, has si...

Industry

Oct 13, 2023

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

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

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

Compensation

Swiggy Mumbai delivery team on indefinite strike, seeks pay hike

An Indian online food ordering and delivery platform, Swiggy delivery team is on indefinite strike as they are seeking pay hike. The strike was started on October 8 and has since then affected the services of Swiggy in the Mumbai region. Meanwhile, Zomato’s services haven’t been impacted yet by the strike. One User said, “If you’ve been […]

Oct 10, 2023

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

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

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

Compensation

Byju’s defers to pay laid-off employees full & final settlements

Earlier in June, An Indian multinational educational technology company, Byju’s had laid off over 1,000 employees across various departments, including mentoring, logistics, training, sales, post-sales, and finance. According to Money Control report, Edtech Major said in a mail to the laid-off employees, “This is to inform you that the full and final settlement amount will be […]

Sep 19, 2023

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

Compensation

Tech Mahindra Offering Low Salaries to Campus Hires?

Due to Covid 19, earlier companies delayed the onboarding for the freshers. Post this the freshers did face the issue of salaries. 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 […]

Sep 13, 2023

Compensation

IT Pay hikes 2023: Infosys, Wipro & other IT companies

The employees who are working with IT companies are experiencing a mixed bag of salary increments. Most IT services-providing companies have announced Nil/less salary increments or deferred salary hikes due to economic uncertainties. Among the top IT companies in India, only TCS has rolled the salary increment for its employees of 12-15 percent. Here is […]

Sep 9, 2023

Compensation

Tata Steel to pay Rs 314.70 crore as annual bonus to employees

An Indian multinational steel-making company, Tata Steel will pay Rs 314.70 crore as an annual bonus to employees for the year 2022-2023. The company announced an annual bonus of 20 percent for the year 2022-23. Tata Steel employees get a minimum bonus of Rs 42,561, a maximum Rs 4,61,019 which will be credited to employees’ […]

Sep 5, 2023