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

Compensation

Google delays Year-end bonus checks for employees

Jan 23, 2023

Cognizant CEO Ravis salary is times Mukesh Ambanis pay

According to reports, an American multinational information technology services and consulting compa...

Compensation

Jan 16, 2023

Cognizant CEO Ravis salary is times Mukesh Ambanis pay

Apple CEO to take a pay cut

An American multinational technology company, Apple Chief Executive Officer CEO Tim Cook will take...

Compensation

Jan 14, 2023

TCS rolls out variable pay for the majority of the workforce

Indias largest IT major, As per the reports, Tata Consultancy Services TCS has decided to give ...

Compensation

Jan 12, 2023

TCS rolls out variable pay for the majority of the workforce

ESIC

ESIC: Dependent Benefit pays at the rate of 90% of wage

One of the two main statutory social security bodies, Employees’ State Insurance Corporation (ESIC) has announced that the dependent Benefit is eligible for benefits after the deceased of the Insured person. ESIC recently shared a Tweet from the official Twitter Handle saying, “Dependant Benefit pays at the rate of 90% of wage in the form of […]

Jan 11, 2023

Compensation

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 rent allowance (HRA). There are three cases where government employees are not entitled to HRA. The HRA will be provided to Central Government Employees and is calculated based on the pay drawn in the 7th Pay Commission (7th CPC) recommendations, […]

Jan 10, 2023

Compensation

Evergreen Marine announces bonuses worth 50 months’ salary

A Taiwanese container transportation and shipping company, Evergreen has announced bonuses worth 50 months’ salary. The amount for bonuses for employees varies depending on an employee’s job grade and function and is only applicable to staff. The company has added this is the year-end bonuses are always based on the company’s performance for the year. Evergreen […]

Jan 9, 2023

ESIC

ESIC Sickness Benefits in the form of cash compensation for employees

One of the two main statutory social security bodies, the Employees’ State Insurance Corporation (ESIC) has announced Sickness Benefits in the form of cash compensation for employees. The sickness benefits are provided in the form of periodic cash payments that can be provided under the ESI scheme to an employee covered under ESI during the period of certified […]

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