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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: Sep 2022
Lufthansa to hike pay for pilots
Compensation

Lufthansa to hike pay for pilots

Sep 16, 2022

Capgemini announces its th Employee Share Ownership Plan 

IT major, Capgemini has announced the launch of its ninth Employee Share Ownership Plan ESOP. This...

Compensation
Sep 14, 2022
Capgemini announces its th Employee Share Ownership Plan 

Tata Steel announces annual bonus, goodwill bonus for employees

The top global steel company, Tata Steel Jamshedpur has announced annual bonus and a Rs K good...

Compensation
Sep 12, 2022
Tata Steel announces annual bonus, goodwill bonus for employees

SpiceJet is apparently not depositing PF in staff accounts

Indias most preferred airline, SpiceJet financial crisis is hurting employees. Earlier, Chief Finan...

Compensation
Sep 6, 2022
SpiceJet is apparently not depositing PF in staff accounts
TCS ends Anniversary Appraisal Policy for new lateral employees
Compensation

TCS ends Anniversary Appraisal Policy for new lateral employees

According to media reports, India’s largest IT services provider, Tata Consultancy Services (TCS) has stopped its anniversary appraisal policy for newly joined lateral employees, effective from April 1, 2022. Under the anniversary appraisal policy, a newly joined employee gets an appraisal when completes a full year of service in TCS from the date of joining. Instead of this, […]

Sep 3, 2022
SpiceJet delays disbursal of salaries for the second straight month
Industry

SpiceJet delays disbursal of salaries for the second straight month

India’s Most Preferred airline, SpiceJet has delayed the disbursal of salaries for the second straight month. The airline said that the payments will be made in a “graded format”. The employees on Wednesday informed about the delay. This is the second time that the company has delayed the salaries. The company has to release Form 16 for the financial […]

Sep 1, 2022
TCS to pay 100% variable pay to its employees, No Delay
Compensation

TCS to pay 100% variable pay to its employees, No Delay

India’s largest IT services firm, Tata Consultancy Services (TCS) clarified that it has not delayed payments of variable pay to its employees for Q1. The company further clarified that it is normal to give it in the first or second month and said, “All our compensation and bonus cycles are as per plan.” The email sent by […]

Aug 24, 2022
Twitter employees may only receive 50% of their annual bonus
Compensation

Twitter employees may only receive 50% of their annual bonus

The microblogging platform, Twitter has recently informed its employees that they would be receiving only half of their annual bonus. As per report, the employees are receiving this due to economic uncertainty plaguing the company. The company shot off an email in which it blamed financial pressure for the move on the decision to trim […]

Aug 23, 2022
Infosys cuts average Variable Pay to 70% for the first quarter
Compensation

Infosys cuts average Variable Pay to 70% for the first quarter

India’s second-largest IT services company Infosys has scaled back the average variable payout of employees to about 70 per cent for the June quarter amid margin squeeze and high employee costs, according to sources. Recently, Wipro held back the variable pay of employees mainly due to pressure on margins, inefficiency in its talent supply chain, […]

Aug 23, 2022
TCS delays variable pay for select employees after Wipro: Report
Compensation

TCS delays variable pay for select employees after Wipro: Report

India’s largest IT services firm, Tata Consultancy Services (TCS) has delayed variable compensation payments to select employees by about a month for the June 2022 quarter. Recently, Bengaluru-based, Wipro also held back the variable pay of some employees while trimming the percentage of the compensation for freshers. However, TCS claims all its compensation and bonus […]

Aug 22, 2022
IT companies including TCS, Infosys, and Wipro offering salary hike
Compensation

IT companies including TCS, Infosys, and Wipro offering salary hike

A lot of IT companies in India have struggled with significant attrition rates over the previous several quarters. To address this issue companies have decided to revise their salaries. Many IT companies, Wipro, Infosys, and TCS have announced initiatives, including compensation increases and bonus payments to retain personnel. The following are the details of IT […]

Aug 19, 2022
Wipro holds back Q1 variable pay for mid, senior-level employees
Compensation

Wipro holds back Q1 variable pay for mid, senior-level employees

India’s IT major, Wipro is holding back the variable payouts of Q1, June 30 ending quarter for mid to senior-level employees. According to the people that are aware of the matter informed said that it is due to the pressure on operating margins. However, the freshers and the employees till the position of the team leaders […]

Aug 18, 2022
IiAS opposes reappointment of Paytm CEO Vijay Shekhar Sharma
C-Suite Move

IiAS opposes reappointment of Paytm CEO Vijay Shekhar Sharma

Advisory firm Institutional Investor Advisory Services India Limited (IiAS) has opposed the proposal to reappoint Vijay Shekhar Sharma as the Chief Executive Officer (CEO) of Paytm for another five years. The advisory firm is also against the reappointment of Ravi Chandra Adusumalli as Paytm director. IiAS is a proxy advisory firm that provides suggestions to funds on […]

Aug 13, 2022
Shell earns bumper profits, gives 8% bonus to staff
Compensation

Shell earns bumper profits, gives 8% bonus to staff

The oil company, Shell is handing nearly all of its 82,000 staff a bonus equivalent to 8% of their salary after it reported record profits amid soaring energy prices. The British multinational is making the one-off payment to the vast majority of its employees around the world, only excluding those on its executive committee, executive […]

Aug 5, 2022
IndiGo to reinstate pilot salaries to pre-Covid levels from November
Compensation

IndiGo to reinstate pilot salaries to pre-Covid levels from November

India’s largest passenger airline, IndiGo is planning to restore the salaries of pilots by 6 percent from September 2022.  The airline is planning to bring back the salaries of pilots to pre-COVID levels by November 2022. Another 6 percent hike is planned for November. According to reports, the airline has already reinstated overtime allowance for […]

Aug 2, 2022
Refyne launches salary-on-demand on WhatsApp
Industry

Refyne launches salary-on-demand on WhatsApp

Refyne has announced its salary on-demand service that is available on WhatsApp. It will help employees access their paychecks in real-time. It will provide customers with a fast, seamless, and convenient way to access their salaries in real-time. The users can simply send a WhatsApp to Refyne. The company will then guide them through some quick […]

Jul 28, 2022