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: Jun 2023

Compensation

NDTV announces . percent salary hike post-Adani takeover

Jun 10, 2023

Infosys Chairman Nandan Nilekani voluntarily refuses to take salary

For the financial year -, Infosys Chairman Nandan Nilekani voluntarily chose not to receive an...

Compensation

Jun 8, 2023

Infosys Chairman Nandan Nilekani voluntarily refuses to take salary

Staff unpaid for months, startup rents Taj Land room for Kday

According to Inc reports, Broker Network has burnt over INR Cr in less than months. Additi...

Industry

Jun 6, 2023

Staff unpaid for months, startup rents Taj Land room for Kday

Ernst Young EY announces promotions across the globe

The Ernst amp Young EY organization has announced that people have been promoted to partner ...

Compensation

Jun 5, 2023

Ernst Young EY announces promotions across the globe

Compensation

Infosys CEO Salil Parekh’s salary drops by 21%: Report

According to a report of Business Today, Infosys CEO Salil Parekh’s total salary has been reduced for the financial year 2022-23. The report also suggested that his salary is higher than the average Infosys employee. The average Infosys employee earned Rs 10.3 lakh in the fiscal year 2022-23. The salary for FY23 is Rs 56.44 […]

Jun 5, 2023

Compensation

HCLTech changes its HR policy, impact on salaries, NITES in action

An Indian multinational information technology services provider company, HCLTech has recently changed its HR policy related to employee compensation. The company has revised its Engagement Performance Bonus (EPB) a performance-linked variable pay. EPB is a part of the variable pay of the employees. The company has now decided to pay EPB on a quarterly basis instead […]

Jun 2, 2023

Compensation

Rishad Premji Wipro’s executive chairman takes half salary in FY23

A multinational corporation that provides information technology, consultant, and business process services, Wipro Chairman Rishad Premji has taken a 50 percent voluntary cut in his salary for the fiscal year 2023. Rishad Premji will receive $951,353 in total annual compensation in FY23. This is almost 50 per cent of FY22, his total compensation in FY22 […]

May 25, 2023

Compensation

SpiceJet hikes salary; pilots to receive Rs.7.5 lakhs per month

An Indian budget airline, SpiceJet has completed 18 years of flying. The airline commenced its first commercial flight on May 23, 2005, flying from Delhi to Ahmedabad. The company will hike the salary of the captains to Rs.7.5 lakhs per month for flying 75 hours. Apart from this, as part of its ongoing 18th-anniversary celebrations, the […]

May 25, 2023

Industry

Microsoft CMO guides employees on how to raise salaries

An American multinational technology corporation, Microsoft employees aren’t getting salary raises this year. Chief Marketing Officer Chris Capossela has suggested to employees the best way to boost pay is- by working to push the company’s stock higher. Microsoft’s Chief Marketing Officer said in an internal communication to employees, “The most important lever for almost all of […]

May 22, 2023

Compensation

After Infosys Wipro announced more benefits to its employees

A multinational corporation that provides information technology, consultant, and business process service, Wipro has an allotment of approximately 3,98,733 shares to its eligible employees as stock options through an exchange filing. 3,96,893 shares were given under the ADS Restricted Stock Unit Plan 2004,1840 were allocated under the Restricted Stock Unit Plan 2007. According to reports, […]

May 20, 2023

Compensation

Infosys reduces Average Variable Payout for Q4FY23 to 60%

India’s second-largest IT giant Infosys said that the average variable payout for Q4FY23 has been reduced to 60 percent at an organization level. The employees will receive individual emails regarding the Payout. The variable pay would be disbursed along with the May salary. In Q1FY23, Infosys had lowered variable payout to 70 percent, which was then […]

May 18, 2023

Compensation

IBM employee on Sick Leave for 15 years sued Co. for no pay rise

According to the reports of Livemint, An American multinational technology corporation, IBM employee has been on sick leave since 2008. He sued his company for discrimination because he did not receive a raise. He claimed, however, that he was a victim of ‘disability discrimination’ since his income had not been increased in the 15 years he […]

May 15, 2023

Compensation

Microsoft won’t give employees salary raise this year

An American multinational technology corporation, Microsoft won’t raise the salary of employees this year for full-time employees. According to Reuters, a spokesperson for the tech giant said, “We recognize that navigating both a dynamic economic environment and a major platform shift requires us to make critical decisions in how we invest in our people, our […]

May 11, 2023

Compensation

Burger King employee gifted Rs 3 Cr for not taking a single leave in 27 yrs

A 54-year-old Burger King employee has received over $400,000 nearly Rs 3.26 crore, on his retirement. he has never missed a day of work in 27 years. An Instagram page titled Kevin Ford shared the video and the caption read, “Keep Workers Nowadays, He Even Worked Through the Early Covid Days, Never Missing A Day of Work, […]

May 9, 2023

Industry

Google’s leadership double standards: Example of corporate greed

Google’s leadership has double standards. However, due to economic uncertainty, the company laid off and also cut the benefits of the employees but when it comes to the salary of the top executive they are paid very high. Harpreet Singh Saluja, President – Nascent Information Technology Employees Senate, shared a tweet and said, “The double standards […]

May 8, 2023

Industry

Wipro official says Over 90% of freshers opt for lower salary option

According to livemint reports, An Indian multinational corporation, Wipro to fast-track onboarding more than 90% of the freshers have accepted lower salary options. Jatin Dalal, chief financial officer at Wipro said, “The next-gen associates were given both the options and 92% of the campus hires chose to join Wipro at the original offer.” Wipro has reduced the […]

Apr 29, 2023