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: Aug 2023

Compensation

Intel reverses salary cuts will compensate employees with RSUs

Aug 3, 2023

An employee cheats employer of over Rs crore, puts wife on payroll

A former employee Radhaballav Nath of ManpowerGroup Service Private Limited has cheated his employer...

Industry

Aug 1, 2023

An employee cheats employer of over Rs crore, puts wife on payroll

Tech Mahindra defers salary hike of senior employees as profit falls

A specialist in digital transformation, consulting, and business re-engineering services, Tech Mahin...

Compensation

Jul 29, 2023

Tech Mahindra defers salary hike of senior employees as profit falls

Byjus employee bursts into tears on toxic work culture layoff

Byjus employee Akansha Khemka from Kolkata has burst into tears in a video message company is...

Layoffs

Jul 28, 2023

Byjus employee bursts into tears on toxic work culture layoff

Compensation

Dunzo will pay 12% yearly interest on deferred salaries

An all-in-one 24X7 delivery platform, Dunzo has promised its employees to pay 12% yearly interest on held-back salaries. The employees will receive interest on the difference amount. To briefly explain the structuring of interest if the employee’s salary is Rs.50,000 and the employee has been paid Rs.25,000. The 12% interest will be on the difference of […]

Jul 28, 2023

Compensation

Compensation Trends 2023 Update: Top IT Companies to Telecom

EY released its Future of Pay 2023 report highlighting talent, attrition, and compensation trends across sectors in India Inc. According to the report, sectors that were severely impacted by the pandemic are experiencing a resurgence. The report estimates average salaries in India to increase by 10.2 per cent in 2023, lower in comparison to 10.4% (Actuals) […]

Jul 26, 2023

Social Media

Viral video of BYJU’s staff questioning boss over incentives

Many employees face work culture struggle. Recently, for the first time, a video has been circulating by Twitter and LinkedIn users showing a heated conversation between employees at BYJU’s office. Female staff can be heard saying in the video that I am screaming because I am going mad. The conversion is between a female employee […]

Jul 24, 2023

Compensation

Google salary data, software engr paid Rs 5.90 crore base salary

This salary data came from an internal spreadsheet shared among Google employees that contained information on more than 12,000 US workers. In the middle of layoffs and a salary freeze, Google is paying its employees a high salary. Google employees were reported to have earned an average total compensation of $279,802 (approximately Rs. 2.3 crore) in […]

Jul 21, 2023

Social Media

Google employee claims he works just 2 hours a day, Musk reacts

A Twitter user @nearcyan has recently shared an interesting story about his dinner with two Google employees. The Twitter handle @nearcyan has shared a tweet saying, “had dinner with two Google employees and they got into a bragging competition about who works fewer hours, the guy @ 2 hrs/day for 500k tc won.” “Man is […]

Jul 20, 2023

Compensation

After Infosys and HCLTech, Wipro also defers salary hikes to Q3

After Infosys, HCLTech another IT giant, Wipro has also announced a delay in its wage hike cycle for the fiscal year. Chief Financial Officer Jatin Dalal said, “We did our last salary increase in September of last year, and we plan to do that for this year sometime in quarter three.” Wipro has announced that […]

Jul 14, 2023

Compensation

Airtel and VI rewarded 7-8% salary hikes; bonuses up to 110%

Telecom companies Airtel and Vodafone Idea have rewarded their employees with 7-8 per cent pay increments for the financial year 2023 (FY23). Airtel has given top talent a 110 percent bonus, and Vodafone Idea followed with a 100 percent bonus. However, Reliance Jio has not announced the increments till now. Increment plays an important role […]

Jul 14, 2023

Compensation

HCLTech sees headcount reduction in Q1FY24, defers pay hikes

HCLTech, a leading global technology company, announced its financial results for Q1FY24, the quarter ended June 30, 2023. C Vijayakumar, CEO, and Managing Director, HCLTech, said, “In Q1FY24, our revenue and people strength sequentially moderated in line with the demand environment.” “We delivered a 6.3% YoY growth in constant currency. We experienced strong growth in […]

Jul 13, 2023

Compensation

TCS CHRO: 55% of employees working 3 days a week from office

India’s largest IT services firm, Tata Consultancy Services (TCS) reported its consolidated financial results for Q1FY24 the quarter ending June 30, 2023. The IT giant reported a 16.84 per cent year-on-year (YoY) rise in its consolidated net profit. But on a quarter-on-quarter (QoQ) basis, TCS’ consolidated net profit was down 2.8 per cent. K Krithivasan, […]

Jul 13, 2023

Compensation

IT major Infosys defers salary hikes for employees

India’s second-largest IT giant Infosys has deferred the salary hikes of its employees which it usually rolls out from April for its employees below the senior management level. Earlier also in the 2020, pandemic year, the company froze hikes and then rolled out hikes in January 2021. Usually, Infosys rolls out pay hikes for employees […]

Jul 12, 2023

Compensation

Reliance and Goggle-backed Dunzo defers 50% salary

Reliance and Goggle-backed Dunzo has deferred 50% salaries of its 500 employees in manager-level positions and above. The company at present has around 1,000 employees. According to Business Standard, “All employees manager grade and above have only received 50 percent of the salary of June. Rest company says they will pay it later between July […]

Jul 11, 2023

Social Media

Manager yells at employee for trying to discuss pay hike

When companies increase the pay of any employee it is a long process and when employees discuss the pay hike it has a mixed reaction from companies end. Recently, a Reddit user shared his experience during the salary increase discussion. The post has discussed the reaction that the employee received when he tried discussing his pay hike […]

Jul 10, 2023