Latest Compensation HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Compensation.
According to the reports to Business Today, IT companies including TCS, Wipro, and many others are f...
The e-commerce technology company, Amazon has recently announced to sack more than employees fro...
According to a Livemint report, the flag carrier airline of India, Tata group-owned Air India will b...
According to the reports, Facebook owner Meta will be lowering bonus payments for some employees. The bonus multiplier for that grade has been cut to 65% from 85% earlier. Chief Executive Mark Zuckerberg earlier in February declared 2023 the “year of efficiency.” Following the footsteps, the company will also restart assessing staff performance twice a year. The reports […]
EY, the leading professional services organization, released its ‘Future of Pay’ 2023. The report estimates average salaries in India to increase by 10.2 percent in 2023, lower in comparison to 10.4% (Actuals) in FY’22, but still in double digits. The reports highlights talent, attrition, and compensation trends across sectors in India Inc. According to the report, sectors […]
According to CNBC reports, The technology company, Google will promote fewer employees to senior roles in 2023 to align with the company’s slow growth. Google is planning for lesser promotions of L6 and above grade employees. The promotion process will be similar to the last year and will be manager-led. The employees are reviewing the rating […]
Recently, An Indian multinational corporation, Wipro rolled out a revised offer letter for recruits awaiting onboarding at the company for over 12 months. The company has reduced the employee’s salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh per annum. The company said in an email to candidates, “Like others in our industry, […]
An Indian fintech company, CRED Chief Executive Officer (CEO) Kunal Shah took to Instagram to hold an ‘Ask Me Anything’ session. In the ‘Ask Me Anything’ session, Kunal Shah revealed his monthly salary. He stated that his salary is Rs 15,000 per month and he also provides a reason for it. Kunal Shah wrote on […]
In mid of the layoff wave, Walmart-owned e-commerce giant, Flipkart will not give salary hikes to its nearly 4500 senior employees this year. Flipkart will be providing an annual increment of salaries to only 70 percent of its employees. The company is not providing increments for the top 30% of employees due to the current […]
According to Business Insider reports, an American multinational technology company, Amazon corporate is likely to cut the salary of some employees by 50 percent. Amazon Chief Executive Andy Jassy said, “The result is that compensations are impacted. And that is difficult. All of that is difficult.” “But I am quite optimistic that we have the chance […]
An American multinational investment bank and financial services corporation, Citigroup Chief Executive Officer (CEO) Jane Fraser will receive a salary hike of 9%. Jane Fraser has been associated with Citigroup since July 2004. She joined the group as a Head of Client Strategy. According to Bloomberg reports, The pay has increased from $22.5 million in 2021 to […]
An Indian multinational corporation, Wipro has reduced the employee’s 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. Now, As per […]
As per reports, an Indian multinational corporation, Wipro rolls out 87% of the variable quarterly pay to over 80% of its workforce. However, Wipro’s remaining employees will receive variable pay based on the unit’s target achievement. The company will pay variable pay for the third quarter that ended in December along with February month’s salary. […]
According to media reports, Google employees have been protesting against poor work conditions and job cuts. The employees have been protesting in the US this week. Google employees are protesting due to labour conditions for sub-contracted workers and to support thousands of their recently laid-off co-workers. As per the employee’s claim, the pay and benefits […]
AON India recently conducted the most recent edition of its twelfth yearly Executive Rewards Survey that has found that Top executives to receive an average salary hike of 9.1% in 2023. The survey had the following finding:- “Senior executives’ salary increases continue to focus on pay at risk, indicating the emphasis on rewarding executives for […]
