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 2023

Compensation

Woman claims Rs k salary not enough to survive in metro city

Apr 29, 2023

Apple Store employees earning Rs . lakh with additional benefits

An American multinational technology company, Apple has recently expanded its presence in India. The...

Compensation

Apr 27, 2023

Apple Store employees earning Rs . lakh with additional benefits

My salary is more than your pre-seed funding Womans honest reply to founder

The founder and CEO of healthcare startup Walnut Roshan Patel have reached out candidate software en...

Industry

Apr 27, 2023

My salary is more than your pre-seed funding Womans honest reply to founder

TCS working on doubling the salary, and reducing disparity

An Indian multinational information technology services and consulting company, Tata Consultancy Ser...

Compensation

Apr 26, 2023

TCS working on doubling the salary, and reducing disparity

Compensation

HCLTech 85% employees to get variable pay: CPO, R Sundarajan

An information technology services and consulting company, HCLTech will be providing 85 percent of its employees with variable pay for Q4 FY 2022-23. According to the reports of Business Today, the Chief People Officer (CPO) of HCLTech Ram Sundarajan said, “The variable pay for Q4 FY23 will be similar to previous quarters where 85 per […]

Apr 21, 2023

Industry

Wipro imposes test, after slashing salaries by 50% for freshers

Earlier, an Indian multinational corporation, Wipro reduced the fresher employees’ salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh per annum. Wipro provides training to freshers employees. This gives an opportunity to the Elite fresher candidate to upgrade to the ‘Turbo’ category. This also upgrades the salary package of employees. The company […]

Apr 20, 2023

Compensation

Cognizant announces the third hike, Read CEO email to employees

An American multinational information technology services and consulting company, Cognizant has announced the third hike in 18 months for its employees. The salary hike is a part of the ‘two-merit cycles’ in a year a one-time measure announced by the company in November 2022. This was announced by the company to arrest the rising attrition. […]

Apr 19, 2023

Compensation

Samsung reduces employees’ average salary hike to 4.1 percent

A South Korean multinational electronics corporation, Samsung has reduced the salary hike of its employees. The average salary hike is 4.1 percent. The company announced internally earlier in the day on Saturday, April 16. However, in the previous year, the company had agreed on a salary increase of a 9 percent average pay hike for […]

Apr 17, 2023

Compensation

TCS & IT companies delay onboarding of freshers, cut variable pay

According to the reports to Business Today, IT companies including TCS, Wipro, and many others are facing an economic slowdown. The report also suggests that IT companies may still delay the onboarding of freshers candidates. The report also suggested that as far as the variable payouts are concerned they have been dull to date in […]

Apr 12, 2023

Compensation

Amazon to plans to cut Stock Awards & fire hundreds of employees

The e-commerce technology company, Amazon has recently announced to sack more than 100 employees from its gaming division. The company is ongoing efforts to restructure and streamline its operations resulting in layoffs. The company’s Games VP Christoph Hartmann wrote a memo to staff and informed them about the job cuts. Christoph Hartmann wrote, “After evaluating […]

Apr 6, 2023

Compensation

Salary hike alert: Air India staff to receive 8-10% salary hike

According to a Livemint report, the flag carrier airline of India, Tata group-owned Air India will be revising the salary of staff and it is expected the salary hike to be nearly 8-10%. It is expected that the shortage of pilots is the key reason behind the decision to raise salaries. There has been a […]

Mar 31, 2023

Compensation

Meta may lower bonus payments of some employees

According to the reports, Facebook owner Meta will be lowering bonus payments for some employees. The bonus multiplier for that grade has been cut to 65% from 85% earlier. Chief Executive Mark Zuckerberg earlier in February declared 2023 the “year of efficiency.” Following the footsteps, the company will also restart assessing staff performance twice a year. The reports […]

Mar 29, 2023

Compensation

Average salaries in India to increase by 10.2 per cent in 2023

EY, the leading professional services organization, released its ‘Future of Pay’ 2023. The report estimates average salaries in India to increase by 10.2 percent in 2023, lower in comparison to 10.4% (Actuals) in FY’22, but still in double digits. The reports highlights talent, attrition, and compensation trends across sectors in India Inc. According to the report, sectors […]

Mar 25, 2023

Industry

Wipro should relook at the strategy of salary cuts for freshers

Recently, An Indian multinational corporation, Wipro rolled out a revised offer letter for recruits awaiting onboarding at the company for over 12 months. The company has reduced the employee’s salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh per annum. The company said in an email to candidates, “Like others in our industry, […]

Feb 28, 2023

Compensation

CRED CEO Kunal Shah says his salary is only Rs 15,000/month

An Indian fintech company, CRED Chief Executive Officer (CEO) Kunal Shah took to Instagram to hold an ‘Ask Me Anything’ session. In the ‘Ask Me Anything’ session, Kunal Shah revealed his monthly salary. He stated that his salary is Rs 15,000 per month and he also provides a reason for it. Kunal Shah wrote on […]

Feb 28, 2023

Compensation

Flipkart will not give salary hikes to its senior employees this year

In mid of the layoff wave, Walmart-owned e-commerce giant, Flipkart will not give salary hikes to its nearly 4500 senior employees this year. Flipkart will be providing an annual increment of salaries to only 70 percent of its employees. The company is not providing increments for the top 30% of employees due to the current […]

Feb 24, 2023