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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: Jun 2023
TCS is working to double employees salaries, reduce pay disparity
Compensation

TCS is working to double employees salaries, reduce pay disparity

Jun 15, 2023

Tata Group awards huge salary hikes of - to its top officials

According to Economic Times report, Tata Group senior officials have received huge increments rangin...

Compensation
Jun 13, 2023
Tata Group awards huge salary hikes of - to its top officials

Pay Transparency is on the Rise in India, Report

Pay transparency and salary details have increased significantly with job postings in India in recen...

Survey & Report
Jun 12, 2023
Pay Transparency is on the Rise in India, Report

Wipro CHRO Saurabh Govil says No More Hiring with Hike

An Indian multinational corporation providing information technology, consultant, and business proce...

Compensation
Jun 12, 2023
Wipro CHRO Saurabh Govil says No More Hiring with Hike
NDTV announces 11.50 percent salary hike post-Adani takeover
Compensation

NDTV announces 11.50 percent salary hike post-Adani takeover

Earlier in December, Gautam Adani took over the control of New Delhi Television Ltd (NDTV.NS) as the company’s founders decided to sell most of their shares. The Adani Group took control of about 65% of the Indian broadcaster. Now, NDTV has raised the salaries for all verticals and the appraisal process has been transparent. The overall salary […]

Jun 10, 2023
Infosys Chairman Nandan Nilekani voluntarily refuses to take salary
Compensation

Infosys Chairman Nandan Nilekani voluntarily refuses to take salary

For the financial year 2022-23, Infosys Chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services rendered to the company. The break-up of the remuneration includes fixed salary – base salary, retiral benefits, total fixed salary, bonus/ incentives/ variable pay, perquisites on account of stock options exercised, and commission. The company has just […]

Jun 8, 2023
Staff unpaid for months, startup rents Taj Land room for ₹80K/day
Industry

Staff unpaid for months, startup rents Taj Land room for ₹80K/day

According to Inc 42 reports, Broker Network has burnt over INR 280 Cr in less than 18 months. Additionally, the company has not paid salaries to more than 150 employees since November 2022. As per the current status, the company is left with no money. However, the founder Rahul Yadav reportedly maintained a luxurious lifestyle […]

Jun 6, 2023
Ernst & Young (EY) announces promotions across the globe
Compensation

Ernst & Young (EY) announces promotions across the globe

The Ernst & Young (EY) organization has announced that 966 people have been promoted to partner across the globe, reflecting continued growth and strong business performance by the organization. Similarly, emerging markets represent a third of new partners, at 33%. The significant number of partner promotions demonstrates the Ernst & Young (EY) commitment to offering […]

Jun 5, 2023
Infosys CEO Salil Parekh’s salary drops by 21%: Report
Compensation

Infosys CEO Salil Parekh’s salary drops by 21%: Report

According to a report of Business Today, Infosys CEO Salil Parekh’s total salary has been reduced for the financial year 2022-23. The report also suggested that his salary is higher than the average Infosys employee. The average Infosys employee earned Rs 10.3 lakh in the fiscal year 2022-23. The salary for FY23 is Rs 56.44 […]

Jun 5, 2023
HCLTech changes its HR policy, impact on salaries, NITES in action
Compensation

HCLTech changes its HR policy, impact on salaries, NITES in action

An Indian multinational information technology services provider company, HCLTech has recently changed its HR policy related to employee compensation. The company has revised its Engagement Performance Bonus (EPB) a performance-linked variable pay. EPB is a part of the variable pay of the employees. The company has now decided to pay EPB on a quarterly basis instead […]

Jun 2, 2023
Rishad Premji Wipro’s executive chairman takes half salary in FY23
Compensation

Rishad Premji Wipro’s executive chairman takes half salary in FY23

A multinational corporation that provides information technology, consultant, and business process services, Wipro Chairman Rishad Premji has taken a 50 percent voluntary cut in his salary for the fiscal year 2023.  Rishad Premji will receive $951,353 in total annual compensation in FY23. This is almost 50 per cent of FY22, his total compensation in FY22 […]

May 25, 2023
SpiceJet hikes salary; pilots to receive Rs.7.5 lakhs per month
Compensation

SpiceJet hikes salary; pilots to receive Rs.7.5 lakhs per month

An Indian budget airline, SpiceJet has completed 18 years of flying. The airline commenced its first commercial flight on May 23, 2005, flying from Delhi to Ahmedabad. The company will hike the salary of the captains to Rs.7.5 lakhs per month for flying 75 hours. Apart from this, as part of its ongoing 18th-anniversary celebrations, the […]

May 25, 2023
Microsoft CMO guides employees on how to raise salaries
Industry

Microsoft CMO guides employees on how to raise salaries

An American multinational technology corporation, Microsoft employees aren’t getting salary raises this year. Chief Marketing Officer Chris Capossela has suggested to employees the best way to boost pay is- by working to push the company’s stock higher. Microsoft’s Chief Marketing Officer said in an internal communication to employees, “The most important lever for almost all of […]

May 22, 2023
After Infosys Wipro announced more benefits to its employees
Compensation

After Infosys Wipro announced more benefits to its employees

A multinational corporation that provides information technology, consultant, and business process service, Wipro has an allotment of approximately 3,98,733 shares to its eligible employees as stock options through an exchange filing. 3,96,893 shares were given under the ADS Restricted Stock Unit Plan 2004,1840 were allocated under the Restricted Stock Unit Plan 2007. According to reports, […]

May 20, 2023
Infosys reduces Average Variable Payout for Q4FY23 to 60%
Compensation

Infosys reduces Average Variable Payout for Q4FY23 to 60%

India’s second-largest IT giant Infosys said that the average variable payout for Q4FY23 has been reduced to 60 percent at an organization level. The employees will receive individual emails regarding the Payout. The variable pay would be disbursed along with the May salary. In Q1FY23, Infosys had lowered variable payout to 70 percent, which was then […]

May 18, 2023
IBM employee on Sick Leave for 15 years sued Co. for no pay rise
Compensation

IBM employee on Sick Leave for 15 years sued Co. for no pay rise

According to the reports of Livemint, An American multinational technology corporation, IBM employee has been on sick leave since 2008. He sued his company for discrimination because he did not receive a raise. He claimed, however, that he was a victim of ‘disability discrimination’ since his income had not been increased in the 15 years he […]

May 15, 2023