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: Dec 2023

Compensation

Byjus delays November salary of around employees

Dec 4, 2023

Salary hike trends for when IT giants are deferring pay raises

According to WTWs latest Salary Budget Planning Report, the median salary hike in India is forecast...

Compensation

Nov 20, 2023

Salary hike trends for when IT giants are deferring pay raises

Infosys to give variable pay to employees

An Indian multinational information technology company, Infosysnbspis planning to give an average ...

Compensation

Nov 17, 2023

Infosys to give variable pay to employees

Wipro may skip salary hikes for top performers

As per the media reports, it is expected that Wipro may skip salary hikes for top performers with hi...

Compensation

Nov 9, 2023

Wipro may skip salary hikes for top performers

Compensation & Benefits

Rethinking Employee Value Proposition (EVP)

Whenever we talk about humans as a possibility it has to be linked with a fundamental question under what conditions would ‘an individual consider himself as a possibility and how this potential can fully transform to performance’. I feel answers to such questions are related to ensuring the creation of right EVP for employees which […]

Nov 3, 2023

Industry

HCLFoundation to skill Indian youth in manufacturing industry

HCLFoundation, which delivers the corporate social responsibility agenda of HCLTech in India, has signed a memorandum of understanding (MoU) with Stanley Black & Decker, a worldwide leader in tools and outdoor powered equipment, to skill youth in India to make them employable in the manufacturing industry. Stanley Black & Decker will establish training and development […]

Oct 13, 2023

Compensation

Infosys to skip campus hiring, announced salary hike from Nov. 1

An Indian multinational information technology company, Infosys to roll out wage hikes for employees from November 1. The company will skip campus hiring this year as it has a ‘way to go’ on utilization. However, it is monitoring the situation every quarter. Infosys Nilanjan Roy, Chief Financial Officer (CFO) said, “Wage hikes are announced and will […]

Oct 13, 2023

Compensation

Accenture will not hike salaries for Indian employees

An Irish-American professional services company, Accenture will not hike salaries for Indian and Sri Lankan employees for fiscal year 2023. Accenture is also postponing promotions across senior management until June 2024. The company experienced a macro environment which was more challenging than anticipated at the beginning of FY23. As reported by the Economic Times, In an […]

Oct 13, 2023

Compensation

Wipro to roll out merit salary increases, effective by December 1

An Indian multinational corporation that provides information technology, Wipro to roll out merit salary increases, effective by December 1. As per the reports of The Economic Times an email to employees from Chief Human Resources Officer Saurabh Govil said, “Despite the current challenging and uncertain global market conditions, we are pleased to announce that our […]

Oct 11, 2023

Compensation

Swiggy Mumbai delivery team on indefinite strike, seeks pay hike

An Indian online food ordering and delivery platform, Swiggy delivery team is on indefinite strike as they are seeking pay hike. The strike was started on October 8 and has since then affected the services of Swiggy in the Mumbai region. Meanwhile, Zomato’s services haven’t been impacted yet by the strike. One User said, “If you’ve been […]

Oct 10, 2023

Compensation

No salary for Ambani’s children, only fee for attending board meets

An Indian multinational conglomerate, Reliance Industries Ltd (RIL) will not pay any salary to Mukesh Ambani’s children Akash, Isha, and Anant. According to Livemint, Mukesh Ambani’s children Akash Ambani, Isha Ambani, and Anant Ambani will get only a sitting fee and a commission on the profit earned by the firm. “They shall be paid remuneration by […]

Sep 30, 2023

Compensation

Wipro to roll out salary hikes in October quarter

An Indian multinational corporation, Wipro to roll out salary hikes in the October-December quarter, an average increase is expected at 6%-8%. According to Times of India, it is expected that the top performers at the organization will receive a salary hike in double-digit. Earlier, Wipro had postponed the salary hike of its employees to the […]

Sep 29, 2023

Compensation

Infosys to begin fresh appraisal cycle; last year hikes still pending

An Indian multinational information technology company, Infosys will be beginning a fresh appraisal cycle for its employees. The current performance evaluation at Infosys is for October 2022 to September 2023. The company will start its ‘performance review cycle–October 2023’ with self-evaluation on September 29. According to Economic Times, In the previous year, the appraisal process […]

Sep 27, 2023

Social Media

HR cuts employee salary after being stuck in company’s elevator

The salary deduction can be different but recently a Reddit user shared a post saying that his salary was deducted by the HR after being stuck in company’s elevator. The post recently shared on Reddit said, “My office is on 7th floor and we need elevator to go up and down and from past few […]

Sep 27, 2023

Compensation

Byju’s defers to pay laid-off employees full & final settlements

Earlier in June, An Indian multinational educational technology company, Byju’s had laid off over 1,000 employees across various departments, including mentoring, logistics, training, sales, post-sales, and finance. According to Money Control report, Edtech Major said in a mail to the laid-off employees, “This is to inform you that the full and final settlement amount will be […]

Sep 19, 2023

Social Media

Salary expectation is intimidating to answer for freshers, here’re tips

Salary expectations are intimidating to answer for freshers. IT industry exploiting freshers but pays bigger salaries to seniors, says Ex Infosys director Mohandas Pai Recently, a final-year B.Tech student from NIT Jalandhar took to X (formally Twitter) on the relatively low salaries for fresh graduates and demanding work conditions. He shared a screenshot highlighting the terms and conditions of Tech […]

Sep 16, 2023