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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
Krispy Kreme to pay over . million in back wages
Compensation

Krispy Kreme to pay over . million in back wages

Nov 21, 2022

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

An Indian airline, Jet Airways has decided to send about percent of its employees to leave withou...

Compensation
Nov 19, 2022
Jet Airways Cuts Salaries, Sends Several Employees On Leave Without Pay

Infosys to roll out variable pay for Q

Indias second-largest IT major, Infosys announced that its employees will be receiving percent v...

Compensation
Nov 17, 2022
Infosys to roll out variable pay for Q

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 norm...

Industry
Nov 12, 2022
Former HCL CEO says moonlighting in IT industry due to Less salary
Wipro rolls out 100% variable pay for Q2 along with Nov’s payroll
Compensation

Wipro rolls out 100% variable pay for Q2 along with Nov’s payroll

India’s IT services provider company, Wipro rolls out 100 percent variable pay along with November’s payroll. A Wipro spokesperson said in a statement, “We will continue to invest in our people and their growth.” “For the second quarter of the financial year 2023, Wipro pays out 100 percent of variable pay to all employees whose pay-out […]

Nov 5, 2022
Infosys rolls out 60% variable pay for BPM employees
Compensation

Infosys rolls out 60% variable pay for BPM employees

The business process management subsidiary of Infosys Ltd., Infosys BPM (business process management) has announced that the average variable payout for its employees is 60% in the second quarter of this fiscal. The variable pay will be paid to its employees with their October salaries for some bands of employees (J4, J5, and J6). Infosys […]

Nov 3, 2022
Infosys confirms 10-13% salary hike, embarks on wage cost battle
Compensation

Infosys confirms 10-13% salary hike, embarks on wage cost battle

According to a mint report, an Indian multinational information technology company, Infosys Ltd has confirmed the salary hike for employees. The increments depend on an employee’s grade, with the senior management receiving lower salary hikes as their salaries are high. Infosys has added that a section of top performers receives 20-25% increments. However, it further […]

Oct 20, 2022
Cognizant rolls out 7-10% salary hikes for employees
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
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