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: Feb 2023

Compensation

Amazon is likely to cut salaries of some employees by

Feb 23, 2023

Citigroup CEO Jane Fraser Gets Salary Hike

An American multinational investment bank and financial services corporation, Citigroup Chief Execut...

Compensation

Feb 23, 2023

Citigroup CEO Jane Fraser Gets Salary Hike

Wipro cuts freshers pay by amid onboarding delays

An Indian multinational corporation, Wipro has reduced the employees salary by percent fro...

Compensation

Feb 21, 2023

Wipro cuts freshers pay by amid onboarding delays

Wipro rolls out variable pay to employees for QFY

As per reports, an Indian multinational corporation, Wipro rolls out of the variable quarterly p...

Compensation

Feb 16, 2023

Wipro rolls out variable pay to employees for QFY

Industry

Google employees protest against poor work conditions, job cuts

According to media reports, Google employees have been protesting against poor work conditions and job cuts. The employees have been protesting in the US this week. Google employees are protesting due to labour conditions for sub-contracted workers and to support thousands of their recently laid-off co-workers. As per the employee’s claim, the pay and benefits […]

Feb 3, 2023

Compensation

Top executives to receive an average salary hike of 9.1% in 2023

AON India recently conducted the most recent edition of its twelfth yearly Executive Rewards Survey that has found that Top executives to receive an average salary hike of 9.1% in 2023. The survey had the following finding:- “Senior executives’ salary increases continue to focus on pay at risk, indicating the emphasis on rewarding executives for […]

Feb 3, 2023

Industry

India Ahead shuts down, employees not paid for months

India Ahead – The National English News channel has shut down its operations. Due to this reason, the employees have not been paid for months. Ridhima Kedia, a journalist, tweeted, “Very true. We had the company’s back till the end, like the very end, and at least we would ask for is honesty. The HR also […]

Jan 30, 2023

Compensation

Google CEO Sundar Pichai & Senior Executives to Take Pay Cut

An American multinational technology company, Google CEO Sundar Pichai & Senior Executives to Take Pay Cut as part of the company’s cost-cutting measures. Google CEO Sundar Pichai clarified that the supposed cut would be a very significant reduction in their annual bonus. This has come as a clarification when CEO Sundar Pichai was questioned during […]

Jan 30, 2023

Compensation

Google delays Year-end bonus checks for employees

An American multinational technology company, Google has delayed the Year-end bonus checks for employees due to the transition to a new performance management system. According to the CNBC report, Google initially pays an 80% advance bonus to eligible employees. The advance bonus will be paid in January, and the remaining 20% in March or April. However, […]

Jan 23, 2023

Compensation

Cognizant CEO Ravi’s salary is 4 times Mukesh Ambani’s 2020 pay

According to reports, an American multinational information technology services and consulting company, Cognizant‘s new CEO Ravi’s total yearly compensation will be Rs 57 crore. In 2019–20, Mukesh Ambani’s annual salary was Rs 15 crore. Recently, Cognizant announced the appointment of Ravi Kumar S as CEO and a member of the Board, effective immediately. He replaced outgoing Brian Humphries […]

Jan 16, 2023

Compensation

Apple CEO to take a 40% pay cut

An American multinational technology company, Apple Chief Executive Officer (CEO) Tim Cook will take a 40% pay cut in 2023. The pay cut was based on the balance sheet feedback, Apple’s exceptional performance, and a recommendation. The current salary of Tim Cook was USD 49 million (Rs 3,98,75,71,000) in 2023. Earlier, Tim Cook earned USD 99.4 million […]

Jan 14, 2023

Compensation

TCS rolls out 100% variable pay for the majority of the workforce

India’s largest IT major, As per the reports, Tata Consultancy Services (TCS) has decided to give 100 percent variable pay to almost all junior-level employees of its workforce for the quarter that ended in December, Q3FY23. On the other end, the senior employees will get their variable pay based on business performance. Additionally, the amount […]

Jan 12, 2023

ESIC

ESIC: Dependent Benefit pays at the rate of 90% of wage

One of the two main statutory social security bodies, Employees’ State Insurance Corporation (ESIC) has announced that the dependent Benefit is eligible for benefits after the deceased of the Insured person. ESIC recently shared a Tweet from the official Twitter Handle saying, “Dependant Benefit pays at the rate of 90% of wage in the form of […]

Jan 11, 2023

Compensation

HRA rules revised: Cases where the employees are not eligible

The Department of Expenditure, under the finance ministry, has updated the rules for claiming house rent allowance (HRA). There are three cases where government employees are not entitled to HRA. The HRA will be provided to Central Government Employees and is calculated based on the pay drawn in the 7th Pay Commission (7th CPC) recommendations, […]

Jan 10, 2023

Compensation

Evergreen Marine announces bonuses worth 50 months’ salary

A Taiwanese container transportation and shipping company, Evergreen has announced bonuses worth 50 months’ salary. The amount for bonuses for employees varies depending on an employee’s job grade and function and is only applicable to staff. The company has added this is the year-end bonuses are always based on the company’s performance for the year. Evergreen […]

Jan 9, 2023

ESIC

ESIC Sickness Benefits in the form of cash compensation for employees

One of the two main statutory social security bodies, the Employees’ State Insurance Corporation (ESIC) has announced Sickness Benefits in the form of cash compensation for employees. The sickness benefits are provided in the form of periodic cash payments that can be provided under the ESI scheme to an employee covered under ESI during the period of certified […]

Jan 5, 2023