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: Jan 2023

Compensation

Woman sacked for being pregnant awarded Rs Lakh compensation

Jan 3, 2023

Tamil Nadu govt announces hike in Dearness Allowance

Tamil Nadu Chief Minister MK Stalin has announced the hike in the Dearness Allowance DA by perce...

Compensation

Jan 2, 2023

Tamil Nadu govt announces hike in Dearness Allowance

Does TCS announce a massive salary hike of up to for employees?

According to various media reports, Indias largest IT Services Provider, Tata Consultancy Ser...

Compensation

Dec 30, 2022

Does TCS announce a massive salary hike of up to for employees?

Air India to deduct salary of staff overstaying in Vasant Vihar colony

According to The Economic Times reports, Govt asks the TATA group-owned, Air India to deduct employe...

Compensation

Dec 29, 2022

Air India to deduct salary of staff overstaying in Vasant Vihar colony

Compensation

LG Tells Kashmiri Pandits No Salary If You Sit At Home

Jammu and Kashmir lieutenant governor (LG) Manoj Sinha has said to the protesting Kashmiri Pandit that the employees posting in the Kashmir Valley to return to work. Additionally, a warning has been given to them that they would not be paid salaries for “sitting at home”. The protests began after Rahul Bhat, a Kashmiri Pandit, was […]

Dec 23, 2022

Compensation

Tech Mahindra rewards ESOP to employees worth over Rs 7 lakh

A leading provider of digital transformation, consulting, and business re-engineering solutions, Tech Mahindra has announced the allotment of shares worth Rs 7,58,450 as employee stock options through an exchange filing. 1,51,690 equity shares worth Rs 5 each will be divided under 2 schemes- ESOP 2014 and ESOP 2018. The total number of shares issued after […]

Dec 22, 2022

Compensation

Cognizant India spent over Rs 1000 crore on salary hikes

According to Timesnownews, IT major, Cognizant India has spent $130 million (over Rs 1000 crore) in the year for merit-based and off-cycle increments. Cognizant conveyed to its employees that “formal eLetters” with the new salary with the hikes taking effect from October for levels up to the associate director. The company had rolled out a […]

Dec 20, 2022

Compensation

TCS to give 100% variable compensation scheme to employees

TCS has administered a 100% variable pay scheme.

Dec 15, 2022

Compensation

Krispy Kreme to pay over $1.1 million in back wages

Krispy Kreme Doughnut Corp. has agreed to pay $1,187,757 in back wages and liquidated damages to 516 workers to resolve overtime violations in multiple locations found as part of a U.S. Department of Labor investigation. On Nov. 7, 2022, the department filed a complaint listing the violations and a consent order defining the settlement in […]

Nov 21, 2022

Compensation

Jet Airways Cuts Salaries, Sends Several Employees On Leave Without Pay

An Indian airline, Jet Airways has decided to send about 60 percent of its employees to leave without pay (LWP) from December 1 for three months. Some of the senior management will also be part of LWP. The airline has also cut some employees’ salaries by up to 50 percent. The quantum would be higher […]

Nov 19, 2022

Compensation

Infosys to roll out 65% variable pay for Q2

India’s second-largest IT major, Infosys announced that its employees will be receiving 65 percent variable pay for the July – September quarter of FY23. According to the email sent to employees, the average payout at an organization level is 65% for Q2FY23 and the individual payout percentages will differ based on the individual’s performance and contribution […]

Nov 17, 2022

Industry

Former HCL CEO says moonlighting in IT industry due to Less salary

Moonlighting is a kind of practice when someone is taking up a second job during or outside the normal business hours of primary employment. However, in India, as per the Labour Law, if you are fully employed, you cannot have your own business or even work elsewhere. Most private organizations also have policies that prohibit moonlighting and take strict […]

Nov 12, 2022

Compensation

Indian employees likely to see highest salary hikes in 2023, Report

Soaring inflation is set to put a major dent in salary hikes for the second year running in 2023, according to a new survey that sees just 37% of countries globally expecting to report real-term wage hikes. The worst-hit region is likely to be Europe, where real salaries – nominal wage growth minus the rate […]

Oct 27, 2022

Industry

Diamond crafting firm gives solar rooftop panels as Diwali gifts to 1,000 employees

One of the world’s leading diamond crafting companies, Shree Ramkrishna Exports Pvt. Ltd. (SRK) has announced that the company will be gifting solar rooftop panels to 1000 of its employees on the occasion of Diwali. Shri Govind Dholakia, Founder & Chairman of SRK Exports (aka Govindkaka) said, “SRK is a purpose-driven company and has always led by […]

Oct 23, 2022

Compensation

Cognizant rolls out 7-10% salary hikes for employees

An American multinational information technology services and consulting company, Cognizant has announced that the company is rolling out annual salary hikes for employees ranging between 7% to 10%. However, the company has also stated that employees in Germany and France may have to wait for new salary hike letters. The main reason behind the delay is […]

Oct 19, 2022

Compensation

Salaries expected to restore to pre-pandemic level

According to TeamLease HRTech CEO Sumit Sabharwal, It is expected that certain sectors will restore salaries to the pre-pandemic mark. The salary is expected to be restored by the end of this financial year aided by the recovery in economic activities. The companies are trying to work as a pre-pandemic work model only. Sumit Sabharwal […]

Oct 17, 2022