Salary Hike: HR News, Trends & Workplace Insights

Latest Salary Hike HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Salary Hike.

Updated on: May 2024

Compensation

IndiGo rewards employees with a bonus equal to . months salary

May 3, 2024

Has TCS granted pay hikes based on office attendance?

Tata Consultancy Services TCS, a prominent IT services firm, has announced salary increments rangi...

Compensation

Apr 22, 2024

Has TCS granted pay hikes based on office attendance?

TCS announces salary hike for top performers in double digits

An Indian multinational information technology services and consulting company, Tata Consultancy Ser...

Compensation

Apr 13, 2024

TCS announces salary hike for top performers in double digits

Cognizant delays salary increments until the August quarter

An American multinational information technology services and consulting company, Cognizant has post...

Compensation

Apr 6, 2024

Cognizant delays salary increments until the August quarter

Industry

Appraisal trends impacting salary hike: 2024 Vs 2023

In 2024, After the Covid cases declined to almost nil, companies started working from offices. As the Appraisal is around the corner there are various factors specific to salary hikes for 2024. Many companies like IBM, TCS, etc have implemented a requirement for employees to work from the office in order to be eligible for […]

Mar 22, 2024

Compensation

Flipkart introduces new salary structure and bonus plan

As per Mint’s report, Flipkart, the e-commerce platform, has revamped its salary increment policy, dividing annual raises into two parts instead of immediately reflecting them in an employee’s pay structure. According to the updated policy of Flipkart, the total salary won’t immediately reflect the increase. The company will raise salaries in two parts as follows: […]

Mar 21, 2024

Compensation

TCS plans 7-8% average salary increase for offsite staff

Tata Consultancy Services (TCS) is preparing to introduce salary increments for its workforce in the approaching fiscal period. In a move anticipated to uplift the spirits of employees, the company is gearing up to implement a salary hike effective April 1st. As the new financial year unfolds, this boost in remuneration promises to bring a […]

Mar 19, 2024

Compensation

Average India increment is expected to be 9.0% in 2024, Deloitte

As India Inc. continues to grow, its workforce becomes more diverse and gets younger every year. HR leaders’ top priority remains striking a balance between delivering value to stakeholders and managing the aspirations of this dynamic workforce. According to Deloitte India Talent Outlook 2024, the average India increment is expected to be 9.0 percent in […]

Mar 16, 2024

Compensation

Tips for Negotiating Your Salary at the Job Offer

Many individuals find themselves in a challenging position when it comes to salary negotiations. The fear of potentially jeopardizing a job offer or feeling uncomfortable discussing compensation can often lead to settling for less than what is actually deserved. However, with the right approach and preparation, you can effectively navigate this process and secure a […]

Feb 23, 2024

Industry

Google offered 4x (300% hike) to retain the employees

According to BT report, American multinational technology company, Google recently offered 4x (300% hike) the salary to an employee who was considering a position at Perplexity AI. However the employee in question was not directly involved with Google’s AI division and instead worked on the search team. During an episode of The Big Technology Podcast, […]

Feb 19, 2024

Compensation

Infosys continues to defer the roll-out hikes in January

The IT major, Infosys had earlier deferred the salary hikes of their employees and it was expected the company to roll out the salary hike in December. However, the recent report of TOI stated that some of the employees will receive their hikes in January as some of the business units are finalizing their budgets. On the […]

Dec 26, 2023

Survey & Report

Companies in India anticipate salaries to increase by 9.8% in 2024

According to the reports of WTW’s latest Salary Budget Planning, It is expected that the median salary increase in India is forecasted to rise by 9.8% in 2024 which is close to the actual salary increase of 10% in 2023. It is expected that the 2024 salary increase for Vietnam is projected at 8%, followed […]

Dec 8, 2023

Compensation

Salary hike trends for 2024 when IT giants are deferring pay raises

According to WTW’s latest Salary Budget Planning Report, the median salary hike in India is forecasted to rise by 9.8% in 2024, close to the actual salary increase of 10% in 2023. The report looks at a range of job grades across various industry sectors summarizes the findings of WTW’s annual survey on salary movement […]

Nov 20, 2023

Compensation

Infosys to skip campus hiring, announced salary hike from Nov. 1

An Indian multinational information technology company, Infosys to roll out wage hikes for employees from November 1. The company will skip campus hiring this year as it has a ‘way to go’ on utilization. However, it is monitoring the situation every quarter. Infosys Nilanjan Roy, Chief Financial Officer (CFO) said, “Wage hikes are announced and will […]

Oct 13, 2023

Compensation

Accenture will not hike salaries for Indian employees

An Irish-American professional services company, Accenture will not hike salaries for Indian and Sri Lankan employees for fiscal year 2023. Accenture is also postponing promotions across senior management until June 2024. The company experienced a macro environment which was more challenging than anticipated at the beginning of FY23. As reported by the Economic Times, In an […]

Oct 13, 2023

Compensation

Wipro to roll out merit salary increases, effective by December 1

An Indian multinational corporation that provides information technology, Wipro to roll out merit salary increases, effective by December 1. As per the reports of The Economic Times an email to employees from Chief Human Resources Officer Saurabh Govil said, “Despite the current challenging and uncertain global market conditions, we are pleased to announce that our […]

Oct 11, 2023