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: Dec 2023
Infosys continues to defer the roll-out hikes in January
Compensation

Infosys continues to defer the roll-out hikes in January

Dec 26, 2023

Infosys hands out salary hike letters, average pay hike below

According to ET report, an Indian multinational information technology company, Infosys handed over ...

Compensation
Dec 16, 2023
Infosys hands out salary hike letters, average pay hike below

Work-life balance is no longer a top priority for job aspirants in

Job aspirants from to sought employers who valued and prioritized work-life balance. The C...

Industry
Dec 8, 2023
Work-life balance is no longer a top priority for job aspirants in

Companies in India anticipate salaries to increase by . in

According to the reports of WTWs latest Salary Budget Planning, It is expected that the median sala...

Survey & Report
Dec 8, 2023
Companies in India anticipate salaries to increase by . in
Byju’s delays November salary of around 1000 employees
Compensation

Byju’s delays November salary of around 1000 employees

An Indian multinational educational technology company, Byju’s has delayed the November salary of around 1000 employees. The company generally transfers the salaries on the first of each month. According to Economic Times reports the company said, “We have noticed a delay in processing salaries for some limited employees due to an unexpected technical glitch.” “The […]

Dec 4, 2023
Salary hike trends for 2024 when IT giants are deferring pay raises
Compensation

Salary hike trends for 2024 when IT giants are deferring pay raises

According to WTW’s latest Salary Budget Planning Report, the median salary hike in India is forecasted to rise by 9.8% in 2024, close to the actual salary increase of 10% in 2023. The report looks at a range of job grades across various industry sectors summarizes the findings of WTW’s annual survey on salary movement […]

Nov 20, 2023
Infosys to give 80% variable pay to employees
Compensation

Infosys to give 80% variable pay to employees

An Indian multinational information technology company, Infosys is planning to give an average payout of 80% to employees in its quarterly performance bonus. This is higher variable pay than the company had given earlier, 60 per cent average variable pay in April 2023 quarter and 70 per cent in the June 2022 quarter. An official communication […]

Nov 17, 2023
Wipro may skip salary hikes for top performers
Compensation

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 higher compensation packages in the upcoming round of salary increases effective by December 1. According to Reuters, Nagendra Bandaru, managing partner and president of the “Enterprise Futuring” business line told employees in an e-mail, “We are doing […]

Nov 9, 2023
Rethinking Employee Value Proposition (EVP)
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
HCLFoundation to skill Indian youth in manufacturing industry
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
Infosys to skip campus hiring, announced salary hike from Nov. 1
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
Accenture will not hike salaries for Indian employees
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
Wipro to roll out merit salary increases, effective by December 1
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
Swiggy Mumbai delivery team on indefinite strike, seeks pay hike
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
No salary for Ambani’s children, only fee for attending board meets
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
Wipro to roll out salary hikes in October quarter
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