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: Jan 2023

ESIC

ESIC Dependent Benefit pays at the rate of of wage

Jan 11, 2023

HRA rules revised Cases where the employees are not eligible

The Department of Expenditure, under the finance ministry, has updated the rules for claiming house ...

Compensation

Jan 10, 2023

HRA rules revised Cases where the employees are not eligible

Evergreen Marine announces bonuses worth months salary

A Taiwanese container transportation and shipping company, Evergreen has announced bonuses worth ...

Compensation

Jan 9, 2023

Evergreen Marine announces bonuses worth months salary

ESIC Sickness Benefits in the form of cash compensation for employees

One of the two main statutory social security bodies, the Employees State Insurance Corporati...

ESIC

Jan 5, 2023

Compensation

Woman sacked for being pregnant awarded Rs 15 Lakh compensation

During the period of pregnancy, many female employees lose their jobs. As per the recent Telegraph report, a 34-year-old woman, Charlotte Leitch had only recently joined Essex-based CIS services firm but only a couple of weeks later her employer fired her. She won compensation of nearly Rs. 15 lahks after she was fired for “being […]

Jan 3, 2023

Compensation

Tamil Nadu govt announces 4% hike in Dearness Allowance

Tamil Nadu Chief Minister MK Stalin has announced the hike in the Dearness Allowance (DA) by 4 percent for government employees including teachers, pensioners and family pensioners. CM Stalin said that it would benefit about 16 lakh staff. The decision was taken after considering the representation of government employees. The DA would now be increased from 34 percent to […]

Jan 2, 2023

Compensation

Does TCS announce a massive salary hike of up to 20% for employees?

According to various media reports, India’s largest IT Services Provider, Tata Consultancy Services (TCS) has given a salary hike of 20% and variable pay for 70% of its employees as Christmas and New Year gifts. The salary hike is based on the performance of the remaining staff. Additionally, TCS will provide 4 lakh employees the bonus […]

Dec 30, 2022

Compensation

Air India to deduct salary of staff overstaying in Vasant Vihar colony

According to The Economic Times reports, Govt asks the TATA group-owned, Air India to deduct employees’ salaries for overstaying in Delhi’s Vasant Vihar colony. The airline staffer residing in Vasant Vihar said they would amount to around Rs 95,000 per month. The Airline management has been instructed to deduct the amount, starting from October, from […]

Dec 29, 2022

Compensation

LG Tells Kashmiri Pandits No Salary If You Sit At Home

Jammu and Kashmir lieutenant governor (LG) Manoj Sinha has said to the protesting Kashmiri Pandit that the employees posting in the Kashmir Valley to return to work. Additionally, a warning has been given to them that they would not be paid salaries for “sitting at home”. The protests began after Rahul Bhat, a Kashmiri Pandit, was […]

Dec 23, 2022

Compensation

Tech Mahindra rewards ESOP to employees worth over Rs 7 lakh

A leading provider of digital transformation, consulting, and business re-engineering solutions, Tech Mahindra has announced the allotment of shares worth Rs 7,58,450 as employee stock options through an exchange filing. 1,51,690 equity shares worth Rs 5 each will be divided under 2 schemes- ESOP 2014 and ESOP 2018. The total number of shares issued after […]

Dec 22, 2022

Compensation

Cognizant India spent over Rs 1000 crore on salary hikes

According to Timesnownews, IT major, Cognizant India has spent $130 million (over Rs 1000 crore) in the year for merit-based and off-cycle increments. Cognizant conveyed to its employees that “formal eLetters” with the new salary with the hikes taking effect from October for levels up to the associate director. The company had rolled out a […]

Dec 20, 2022

Compensation

TCS to give 100% variable compensation scheme to employees

TCS has administered a 100% variable pay scheme.

Dec 15, 2022

Compensation

Krispy Kreme to pay over $1.1 million in back wages

Krispy Kreme Doughnut Corp. has agreed to pay $1,187,757 in back wages and liquidated damages to 516 workers to resolve overtime violations in multiple locations found as part of a U.S. Department of Labor investigation. On Nov. 7, 2022, the department filed a complaint listing the violations and a consent order defining the settlement in […]

Nov 21, 2022

Compensation

Jet Airways Cuts Salaries, Sends Several Employees On Leave Without Pay

An Indian airline, Jet Airways has decided to send about 60 percent of its employees to leave without pay (LWP) from December 1 for three months. Some of the senior management will also be part of LWP. The airline has also cut some employees’ salaries by up to 50 percent. The quantum would be higher […]

Nov 19, 2022

Compensation

Infosys to roll out 65% variable pay for Q2

India’s second-largest IT major, Infosys announced that its employees will be receiving 65 percent variable pay for the July – September quarter of FY23. According to the email sent to employees, the average payout at an organization level is 65% for Q2FY23 and the individual payout percentages will differ based on the individual’s performance and contribution […]

Nov 17, 2022

Industry

Former HCL CEO says moonlighting in IT industry due to Less salary

Moonlighting is a kind of practice when someone is taking up a second job during or outside the normal business hours of primary employment. However, in India, as per the Labour Law, if you are fully employed, you cannot have your own business or even work elsewhere. Most private organizations also have policies that prohibit moonlighting and take strict […]

Nov 12, 2022