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: May 2023

Industry

Microsoft CMO guides employees on how to raise salaries

May 22, 2023

After Infosys Wipro announced more benefits to its employees

A multinational corporation that provides information technology, consultant, and business process s...

Compensation

May 20, 2023

After Infosys Wipro announced more benefits to its employees

Infosys reduces Average Variable Payout for QFY to

Indias second-largest IT giantnbspInfosys said that the average variable payout for QFY ...

Compensation

May 18, 2023

Infosys reduces Average Variable Payout for QFY to

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

According to the reports of Livemint, An American multinational technology corporation, IBM employee...

Compensation

May 15, 2023

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

Compensation

Microsoft won’t give employees salary raise this year

An American multinational technology corporation, Microsoft won’t raise the salary of employees this year for full-time employees. According to Reuters, a spokesperson for the tech giant said, “We recognize that navigating both a dynamic economic environment and a major platform shift requires us to make critical decisions in how we invest in our people, our […]

May 11, 2023

Compensation

Burger King employee gifted Rs 3 Cr for not taking a single leave in 27 yrs

A 54-year-old Burger King employee has received over $400,000 nearly Rs 3.26 crore, on his retirement. he has never missed a day of work in 27 years. An Instagram page titled Kevin Ford shared the video and the caption read, “Keep Workers Nowadays, He Even Worked Through the Early Covid Days, Never Missing A Day of Work, […]

May 9, 2023

Industry

Google’s leadership double standards: Example of corporate greed

Google’s leadership has double standards. However, due to economic uncertainty, the company laid off and also cut the benefits of the employees but when it comes to the salary of the top executive they are paid very high. Harpreet Singh Saluja, President – Nascent Information Technology Employees Senate, shared a tweet and said, “The double standards […]

May 8, 2023

Industry

Wipro official says Over 90% of freshers opt for lower salary option

According to livemint reports, An Indian multinational corporation, Wipro to fast-track onboarding more than 90% of the freshers have accepted lower salary options. Jatin Dalal, chief financial officer at Wipro said, “The next-gen associates were given both the options and 92% of the campus hires chose to join Wipro at the original offer.” Wipro has reduced the […]

Apr 29, 2023

Compensation

Woman claims Rs 50k salary not enough to survive in metro city

The cost of living in a metro city is high. The cost of living is always on the higher side as room rent, groceries, medical facilities, and more are expensive. Recently, in a viral post on Twitter, a user, named Medha Ganti, shared this struggle of hers and said how it is impossible to survive […]

Apr 29, 2023

Compensation

Apple Store employees earning Rs 1.0 lakh with additional benefits

An American multinational technology company, Apple has recently expanded its presence in India. The company has opened its first official online store in Mumbai followed by Delhi. Mumbai’s Apple Store has been opened in Mumbai’s is located bustling Bandra Kurla Complex financial, arts, and entertainment district, and Delhi one has been opened in Saket. The […]

Apr 27, 2023

Industry

‘My salary is more than your pre-seed funding’: Woman’s honest reply to founder

The founder and CEO of healthcare startup Walnut Roshan Patel have reached out candidate software engineer after raising a pre-seed round. The founder asked, “I run a startup increasing access to healthcare by making it more affordable. We just raised a pre-seed round and are looking to hire talented engineers. Are you interested in chatting?” […]

Apr 27, 2023

Compensation

TCS working on doubling the salary, and reducing disparity

An Indian multinational information technology services and consulting company, Tata Consultancy Services (TCS) is looking forward to very high increments for new hires. TCS has already rolled out offers to 46,000 freshers for the FY24, at a time when the industry has been marred by onboarding delays in a challenging macroeconomic climate. The company has […]

Apr 26, 2023

Compensation

HCLTech 85% employees to get variable pay: CPO, R Sundarajan

An information technology services and consulting company, HCLTech will be providing 85 percent of its employees with variable pay for Q4 FY 2022-23. According to the reports of Business Today, the Chief People Officer (CPO) of HCLTech Ram Sundarajan said, “The variable pay for Q4 FY23 will be similar to previous quarters where 85 per […]

Apr 21, 2023

Industry

Wipro imposes test, after slashing salaries by 50% for freshers

Earlier, an Indian multinational corporation, Wipro reduced the fresher employees’ salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh per annum. Wipro provides training to freshers employees. This gives an opportunity to the Elite fresher candidate to upgrade to the ‘Turbo’ category. This also upgrades the salary package of employees. The company […]

Apr 20, 2023

Compensation

Cognizant announces the third hike, Read CEO email to employees

An American multinational information technology services and consulting company, Cognizant has announced the third hike in 18 months for its employees. The salary hike is a part of the ‘two-merit cycles’ in a year a one-time measure announced by the company in November 2022. This was announced by the company to arrest the rising attrition. […]

Apr 19, 2023

Compensation

Samsung reduces employees’ average salary hike to 4.1 percent

A South Korean multinational electronics corporation, Samsung has reduced the salary hike of its employees. The average salary hike is 4.1 percent. The company announced internally earlier in the day on Saturday, April 16. However, in the previous year, the company had agreed on a salary increase of a 9 percent average pay hike for […]

Apr 17, 2023