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: Jul 2023

Social Media

Founder praises high-integrity staffer denies taking increased pay

Jul 6, 2023

Air India revises job contracts for non-flying staff

The flag carrier of India, Air India has recently revised the job contracts for non-flying staff wit...

Compensation

Jul 1, 2023

Air India revises job contracts for non-flying staff

Akasa Air announces salary hike by effective July

According to the ET reports, An Indian low-cost airline, Akasa Air increases the salary by and i...

Compensation

Jun 26, 2023

Akasa Air announces salary hike by effective July

Meta, Google among top paying companies in despite layoffs

According to a Business Insider report originally attributed to The Wall Street Journal, Meta and Go...

Industry

Jun 20, 2023

Meta, Google among top paying companies in despite layoffs

Compensation

TCS is working to double employees’ salaries, reduce pay disparity

An Indian multinational information technology services and consulting company, Tata Consultancy Services (TCS) announced variable pay and increments to its existing staff earlier. TCS is also working towards reducing the pay disparity in employees internally and is giving them a chance to double their salaries The company has over 6 lakh employees globally and its strategy is to invest […]

Jun 15, 2023

Compensation

Tata Group awards huge salary hikes of 16-60% to its top officials

According to Economic Times report, Tata Group senior officials have received huge increments ranging from 16 to 60 percent. “CEOs of high-growth companies are being rewarded and have been directed to continue to focus on tapping opportunities and increasing the pace of growth,” the CEO of a Tata Group company said. “There is a big […]

Jun 13, 2023

Survey & Report

Pay Transparency is on the Rise in India, Report

Pay transparency and salary details have increased significantly with job postings in India in recent months to attract the best talent. About 46 per cent of all India job postings on Indeed website now include employer-provided salary information, an increase of 64 per cent in the last one year and 11 per cent in the […]

Jun 12, 2023

Compensation

Wipro CHRO Saurabh Govil says No More Hiring with 30% Hike

An Indian multinational corporation providing information technology, consultant, and business process services, Wipro CHRO has said that there will be no more hiring with 30% hike. According to media reports, due to the current market situation of economic slowdown and lower hiring environment, the company’s Chief Human Resources Officer Saurabh Govil said that IT professionals […]

Jun 12, 2023

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

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

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

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

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

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

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

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