SightsIn Plus Logo

Compensation: HR News, Trends & Workplace Insights

Latest Compensation HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Compensation.

Updated on: Nov 2022
Wipro rolls out variable pay for Q along with Novs payroll
Compensation

Wipro rolls out variable pay for Q along with Novs payroll

Nov 5, 2022

Infosys rolls out variable pay for BPM employees

The business process management subsidiary of Infosys Ltd., Infosys BPM business process management...

Compensation
Nov 3, 2022
Infosys rolls out variable pay for BPM employees

Infosys confirms - salary hike, embarks on wage cost battle

According to a mint report, an Indian multinational information technology company, Infosys Ltd has ...

Compensation
Oct 20, 2022
Infosys confirms - salary hike, embarks on wage cost battle

Cognizant rolls out - salary hikes for employees

An American multinational information technology services and consulting company, Cognizant has anno...

Compensation
Oct 19, 2022
Cognizant rolls out - salary hikes for employees
Salaries expected to restore to pre-pandemic level
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
Biz2Credit offers BMW bikes, iPad Air, 40X bonus to employees
Compensation

Biz2Credit offers BMW bikes, iPad Air, 40X bonus to employees

Hard work pays off, and Biz2Credit, a provider of an online marketplace for small business funding, turned this phrase into a grand reality! At the Biz2Credit Annual Diwali Dhamaka, Biz2Credit employees reaped the rewards of the outstanding contributions they made in the past year. Taking centre stage at the Biz2Credit Annual Diwali Dhamaka on 8th […]

Oct 14, 2022
Delhi Government Increases Minimum Wages, Effective October 1
Compensation

Delhi Government Increases Minimum Wages, Effective October 1

Delhi Government has increased the minimum wages of unskilled, semi-skilled, and skilled workers of Delhi and it is effective from October 1, 2022. The government had earlier raised the minimum wage in May. This hike in wages is due to high rising inflation and has come just before Diwali. Deputy Chief Minister Manish Sisodia said, “Amidst […]

Oct 14, 2022
Wipro rolls out 5-year salary plan for campus recruits
Industry

Wipro rolls out 5-year salary plan for campus recruits

India’s IT Major, Wipro has announced its five-year plan for freshers detailing their salary structure, including annual increments and bonuses for campus hires. According to a Mint report, Saurabh Govil, Global HR Head of Wipro said in an Interview, “In terms of career and remuneration, we communicated a very clear five-year plan.” “The company has […]

Oct 13, 2022
70% of TCS employees to get full variable pay in Q2
Compensation

70% of TCS employees to get full variable pay in Q2

An Indian multinational information technology service company, Tata Consultancy Services (TCS) will payout 100% variable pay for 70% of its employees. The company is paying variable pay to the employees just before the festive season which has been a great piece of news for the employees. Milind Lakkad, Chief Human Resources Officer, said, “We are going to pay […]

Oct 11, 2022
Wipro rolls out annual salary hikes to employees
Compensation

Wipro rolls out annual salary hikes to employees

Bengaluru-based, IT major Wipro has announced that it will be awarding annual increments to eligible employees for the year ending 2022. The employee will receive the salary increment in their September salary along with their merit salary increase letter. The company is expected to cover 96 percent of its employees. Earlier, Wipro said, “There is no […]

Sep 24, 2022
SpiceJet announces 20% salary hike for pilots
Compensation

SpiceJet announces 20% salary hike for pilots

India’s airline, SpiceJet has announced a 20 percent salary hike for its pilots from October this year onwards. According to an internal mail to all the pilots, Senior VP, Gurcharan Arora said, “The Spicejet has received the approval for a loan under the government’s ECLGS scheme.” “The first tranche of the payment has already been […]

Sep 23, 2022
Ford India finally strikes settlement deal with unions
Compensation

Ford India finally strikes settlement deal with unions

Ford India, the subsidiary of United States-based automaker Ford on Thursday said it has arrived at a settlement with the employees union on the severance package following the company’s decision to shut its Tamil Nadu plant as part of a restructuring exercise. Accordingly, the company would revise the final severance settlement to an average equivalent […]

Sep 23, 2022
SpiceJet Puts 80 Pilots on Leave Without Pay for 3 Months
Compensation

SpiceJet Puts 80 Pilots on Leave Without Pay for 3 Months

India’s Most Preferred airline, SpiceJet has announced that it had made the temporary decision to put some pilots on leave without pay (LWP) for three months. This move has been taken into consideration to reduce costs. The pilots who have been forced to go on leave without pay are from the airline’s Boeing and Bombardier […]

Sep 22, 2022
Swiggy delivery partners on strike, demand better pay structure
Compensation

Swiggy delivery partners on strike, demand better pay structure

An Indian online food ordering and delivery platform, Swiggy delivery partners in Chennai are on strike demanding the withdrawal of a new pay structure introduced by the company. As per media reports, the revisions are as follows: The delivery executives have to complete 30 order deliveries daily. This summarizes the delivery executives’ entire day. As […]

Sep 22, 2022
Honda overpaid staff bonuses, now asked for refund: Report
Compensation

Honda overpaid staff bonuses, now asked for refund: Report

A Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment Honda has overpaid bonuses to the employees. During COVID -19 there had been increased inflation. On the other hand, many companies have laid off their employees and have also frozen their hiring. However, now Honda on the other end has paid excess bonuses […]

Sep 22, 2022
OYO founder Ritesh Agarwal’s salary goes up 250%
Compensation

OYO founder Ritesh Agarwal’s salary goes up 250%

Ritesh Agarwal, the Founder, and CEO of OYO, earned Rs. 5.6 crore in compensation in the last fiscal year, an increase of 250 percent from the year before, according to the firm’s filing with market regulator SEBI. Salary Cuts According to the regulatory filing, it showed that the company has cut the salaries of employees and bonus expenses significantly. Apart […]

Sep 20, 2022