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: Sep 2023

Social Media

Salary expectation is intimidating to answer for freshers, herere tips

Sep 16, 2023

Tech Mahindra Offering Low Salaries to Campus Hires?

Due to Covid , earlier companies delayed the onboarding for the freshers. Post this the freshers d...

Compensation

Sep 13, 2023

Tech Mahindra Offering Low Salaries to Campus Hires?

IT Pay hikes Infosys, Wipro other IT companies

The employees who are working with IT companies are experiencing a mixed bag of salary increments. M...

Compensation

Sep 9, 2023

IT Pay hikes Infosys, Wipro other IT companies

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

An Indian multinational steel-making company, Tata Steel will pay Rs . crore as an annual bonus...

Compensation

Sep 5, 2023

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

Compensation

Most IT firms give Nil/less increments or deferred salary hikes

Most IT services-providing companies have announced Nil/less salary increments or deferred salary hikes due to economic uncertainties. Also, Major tech companies are delaying the salary hike for employees exponentially. The move of salary delay is part of a larger trend of tech companies as investors become increasingly fearful of a recession. Moreover, Tech companies are […]

Sep 4, 2023

Compensation

Ambani-backed startup Dunzo is unable to pay salaries again

An all-in-one 24X7 delivery platform, Mukesh-Isha Ambani-backed startup Dunzo is unable to pay salaries again. DNA India has recently shared the email, Mukesh-Isha Ambani-backed Dunzo e-mail reads, “We sincerely apologize for this delay. Ensuring that you receive your due compensation as early as possible is our top priority.” “Please be assured that we are doing […]

Sep 1, 2023

Compensation

LTIMindtree rolled out very poor increments, 0-2% hike after delay

An Indian multinational information technology services and consulting company, LTIMindtree rolled out very poor increments for its employees, many have received a 0-2% hike even after months of delay. Major tech companies are delaying the salary hike for employees exponentially due to economic uncertainties. The move of salary delay is part of a larger trend of […]

Sep 1, 2023

Compensation

Hexaware Technologies gives between 14% to 16% salary hike

IT major, Hexaware Technologies gives 100% variable pay to its employees. And the exceptional performers will be receiving 120% variable pay. Vinod Chandran, Chief Operating Officer & HR head at Hexaware Technologies said, “Our determination to go above and beyond in our variable payouts is a testament to our belief that when we support our […]

Aug 26, 2023

Compensation

Tetley announces 7% salary increase for employees

The 2nd largest tea brand globally, Tetley will be increasing the salary of employees by 7% salary. The raise will be effective from 1 April 2023. This will benefit roughly 200 employees working for Tata Consumer Products, the manufacturer of Tetley goods for Canada and the UK. Other Companies Salary Increase / Announcements Tech Mahindra […]

Aug 24, 2023

Compensation

Infosys employees to receive 80% variable pay

An Indian multinational information technology company, Infosys employees will receive 80% of their variable pay in the June quarter. Some of the top performers have received payouts of 95% as reported by TOI. However, in April, Infosys said that the average variable payout for Q4FY23 was reduced to 60 percent at an organizational level. And in last […]

Aug 22, 2023

Compensation

Wipro will not be hiring with 30% Hike; defers salary hikes to Q3

An Indian multinational corporation providing information technology, consultant, and business process services, Wipro CHRO said that there will be no more hiring with 30% hike. Due to the current market situation of economic slowdown and lower hiring environment, the company’s Chief Human Resources Officer Saurabh Govil said that IT professionals should focus on upskilling. Wipro […]

Aug 21, 2023

Compensation

Startup employees in India got 8-12 % average salary hikes

The Indian startup employees got an average salary increment of 8 to 12 percent in 2022-2023. Dipesh Jain, AVP – Talent, Elevation Capital said, “The shift in the market situation has led to a correction in salaries, though largely at the leadership level.” “Interestingly, on the other hand, job seekers are willing to wait longer […]

Aug 11, 2023

Compensation

IndiGo announces salary hike for pilots, cabin crew

An Indian low-cost airline, InterGlobe Aviation Limited (IndiGo) has announced a salary hike for pilots and cabin crew effective October 1, 2023. The airline’s senior vice president of flight operations Ashim Mitra said in a memo, “While we regained and started to build our financial strength over this past year, we reviewed and reinstated salaries […]

Aug 4, 2023

Compensation

Intel reverses salary cuts; will compensate employees with RSUs

Earlier reports in February said that an American multinational corporation and technology company Intel Corp will reduce the salary of 5% of base pay for mid-level employees and a 25% reduction in CEO Pat Gelsinger’s salary. “As we continue to navigate macroeconomic headwinds and work to reduce costs across the company, we’ve made several adjustments to […]

Aug 3, 2023

Industry

An employee cheats employer of over Rs 4 crore, puts wife on payroll

A former employee Radhaballav Nath of ManpowerGroup Service Private Limited has cheated his employer of over Rs 4 crore by adding his unemployed wife to the payroll for 10 years. According to Mony Control, ManpowerGroup Service Private Limited was investigating the financial crime and was questioning its data privacy measures. The company came to know […]

Aug 1, 2023

Compensation

Tech Mahindra defers salary hike of senior employees as profit falls

A specialist in digital transformation, consulting, and business re-engineering services, Tech Mahindra defers salary hikes for senior employees due to a huge drop in net profile in Q1FY24. The decision follows as the quarter nose-diving profits and EBIT margins decline. The company’s EBITDA at USD 163 mn; down 33.7% QoQ, down 31.8% YoY; Margin at […]

Jul 29, 2023