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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: Mar 2023
Average salaries in India to increase by . per cent in
Compensation

Average salaries in India to increase by . per cent in

Mar 25, 2023

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 ...

Industry
Feb 28, 2023
Wipro should relook at the strategy of salary cuts for freshers

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

An Indian fintech company, CRED Chief Executive Officer CEO Kunal Shah took to Instagram to hold a...

Compensation
Feb 28, 2023
CRED CEO Kunal Shah says his salary is only Rs ,month

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 it...

Compensation
Feb 24, 2023
Flipkart will not give salary hikes to its senior employees this year
Amazon is likely to cut salaries of some employees by 50%
Compensation

Amazon is likely to cut salaries of some employees by 50%

According to Business Insider reports, an American multinational technology company, Amazon corporate is likely to cut the salary of some employees by 50 percent. Amazon Chief Executive Andy Jassy said, “The result is that compensations are impacted. And that is difficult. All of that is difficult.” “But I am quite optimistic that we have the chance […]

Feb 23, 2023
Citigroup CEO Jane Fraser Gets 9% Salary Hike
Compensation

Citigroup CEO Jane Fraser Gets 9% Salary Hike

An American multinational investment bank and financial services corporation, Citigroup Chief Executive Officer (CEO) Jane Fraser will receive a salary hike of 9%. Jane Fraser has been associated with Citigroup since July 2004. She joined the group as a Head of Client Strategy. According to Bloomberg reports, The pay has increased from $22.5 million in 2021 to […]

Feb 23, 2023
Wipro cuts freshers’ pay by 50% amid onboarding delays
Compensation

Wipro cuts freshers’ pay by 50% amid onboarding delays

An Indian multinational corporation, Wipro has reduced the employee’s 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. Now, As per […]

Feb 21, 2023
Wipro rolls out 87% variable pay to employees for Q3FY23
Compensation

Wipro rolls out 87% variable pay to employees for Q3FY23

As per reports, an Indian multinational corporation, Wipro rolls out 87% of the variable quarterly pay to over 80% of its workforce. However, Wipro’s remaining employees will receive variable pay based on the unit’s target achievement. The company will pay variable pay for the third quarter that ended in December along with February month’s salary. […]

Feb 16, 2023
Google employees protest against poor work conditions, job cuts
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
Top executives to receive an average salary hike of 9.1% in 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
India Ahead shuts down, employees not paid for months
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
Google CEO Sundar Pichai & Senior Executives to Take Pay Cut
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
Google delays Year-end bonus checks for employees
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
Cognizant CEO Ravi’s salary is 4 times Mukesh Ambani’s 2020 pay
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
Apple CEO to take a 40% pay cut
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
TCS rolls out 100% variable pay for the majority of the workforce
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