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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: Jul 2023
Google salary data, software engr paid Rs . crore base salary
Compensation

Google salary data, software engr paid Rs . crore base salary

Jul 21, 2023

Google employee claims he works just hours a day, Musk reacts

A Twitter user nearcyan has recently shared an interesting story about his dinner with two Google e...

Social Media
Jul 20, 2023
Google employee claims he works just hours a day, Musk reacts

After Infosys and HCLTech, Wipro also defers salary hikes to Q

After Infosys, HCLTech another IT giant, Wipro has also announced a delay in its wage hike cycle for...

Compensation
Jul 14, 2023
After Infosys and HCLTech, Wipro also defers salary hikes to Q

Airtel and VI rewarded - salary hikes bonuses up to

Telecom companies Airtel and Vodafone Idea have rewarded their employees with - per cent pay incre...

Compensation
Jul 14, 2023
Airtel and VI rewarded - salary hikes bonuses up to
HCLTech sees headcount reduction in Q1FY24, defers pay hikes
Compensation

HCLTech sees headcount reduction in Q1FY24, defers pay hikes

HCLTech, a leading global technology company, announced its financial results for Q1FY24, the quarter ended June 30, 2023. C Vijayakumar, CEO, and Managing Director, HCLTech, said, “In Q1FY24, our revenue and people strength sequentially moderated in line with the demand environment.” “We delivered a 6.3% YoY growth in constant currency. We experienced strong growth in […]

Jul 13, 2023
TCS CHRO: 55% of employees working 3 days a week from office
Compensation

TCS CHRO: 55% of employees working 3 days a week from office

India’s largest IT services firm, Tata Consultancy Services (TCS) reported its consolidated financial results for Q1FY24 the quarter ending June 30, 2023. The IT giant reported a 16.84 per cent year-on-year (YoY) rise in its consolidated net profit. But on a quarter-on-quarter (QoQ) basis, TCS’ consolidated net profit was down 2.8 per cent. K Krithivasan, […]

Jul 13, 2023
IT major Infosys defers salary hikes for employees
Compensation

IT major Infosys defers salary hikes for employees

India’s second-largest IT giant Infosys has deferred the salary hikes of its employees which it usually rolls out from April for its employees below the senior management level. Earlier also in the 2020, pandemic year, the company froze hikes and then rolled out hikes in January 2021. Usually, Infosys rolls out pay hikes for employees […]

Jul 12, 2023
Reliance and Goggle-backed Dunzo defers 50% salary
Compensation

Reliance and Goggle-backed Dunzo defers 50% salary

Reliance and Goggle-backed Dunzo has deferred 50% salaries of its 500 employees in manager-level positions and above. The company at present has around 1,000 employees. According to Business Standard, “All employees manager grade and above have only received 50 percent of the salary of June. Rest company says they will pay it later between July […]

Jul 11, 2023
Manager yells at employee for trying to discuss pay hike
Social Media

Manager yells at employee for trying to discuss pay hike

When companies increase the pay of any employee it is a long process and when employees discuss the pay hike it has a mixed reaction from companies end. Recently, a Reddit user shared his experience during the salary increase discussion. The post has discussed the reaction that the employee received when he tried discussing his pay hike […]

Jul 10, 2023
Founder praises ‘high-integrity’; staffer denies taking increased pay
Social Media

Founder praises ‘high-integrity’; staffer denies taking increased pay

Shivanshi Verma the employer and founder of the healthcare app HealthTick explained that an employee, she hired is a ‘high-integrity’ staffer and even after increasing the salary the employee refused. Explaining the ‘high-integrity’ of the employee the founder has explained that she has hired an employee after college. The founder shared a post on Twitter saying, […]

Jul 6, 2023
Air India revises job contracts for non-flying staff
Compensation

Air India revises job contracts for non-flying staff

The flag carrier of India, Air India has recently revised the job contracts for non-flying staff with retrospective effect from 1 April. The changes are as per the market standards and promote efficiency. The airline has recently introduced a performance-linked variable pay component. The revision will be as per the below guidelines:- Chief executive officer (CEO) and […]

Jul 1, 2023
Akasa Air announces salary hike by 40% effective July 1
Compensation

Akasa Air announces salary hike by 40% effective July 1

According to the ET reports, An Indian low-cost airline, Akasa Air increases the salary by 40% and it will be effective from July 1, 2023. Commenting on the salary hike, a person aware of the development said: “The quantum of salary hike is more for junior pilots because they are the future of the airline […]

Jun 26, 2023
TCS is working to double employees’ salaries, reduce pay disparity
Compensation

TCS is working to double employees’ salaries, reduce pay disparity

An Indian multinational information technology services and consulting company, Tata Consultancy Services (TCS) announced variable pay and increments to its existing staff earlier. TCS is also working towards reducing the pay disparity in employees internally and is giving them a chance to double their salaries The company has over 6 lakh employees globally and its strategy is to invest […]

Jun 15, 2023
Tata Group awards huge salary hikes of 16-60% to its top officials
Compensation

Tata Group awards huge salary hikes of 16-60% to its top officials

According to Economic Times report, Tata Group senior officials have received huge increments ranging from 16 to 60 percent. “CEOs of high-growth companies are being rewarded and have been directed to continue to focus on tapping opportunities and increasing the pace of growth,” the CEO of a Tata Group company said. “There is a big […]

Jun 13, 2023
Pay Transparency is on the Rise in India, Report
Survey & Report

Pay Transparency is on the Rise in India, Report

Pay transparency and salary details have increased significantly with job postings in India in recent months to attract the best talent. About 46 per cent of all India job postings on Indeed website now include employer-provided salary information, an increase of 64 per cent in the last one year and 11 per cent in the […]

Jun 12, 2023
Wipro CHRO Saurabh Govil says No More Hiring with 30% Hike
Compensation

Wipro CHRO Saurabh Govil says No More Hiring with 30% Hike

An Indian multinational corporation providing information technology, consultant, and business process services, Wipro CHRO has said that there will be no more hiring with 30% hike. According to media reports, 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 […]

Jun 12, 2023