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: Oct 2023

Compensation

Swiggy Mumbai delivery team on indefinite strike, seeks pay hike

Oct 10, 2023

Wipro to roll out salary hikes in October quarter

An Indian multinational corporation, Wipro to roll out salary hikes in the October-December quarter,...

Compensation

Sep 29, 2023

Wipro to roll out salary hikes in October quarter

IT Pay hikes Infosys, Wipro other IT companies

The employees who are working with IT companies are experiencing a mixed bag of salary increments. M...

Compensation

Sep 9, 2023

IT Pay hikes Infosys, Wipro other IT companies

Most IT firms give Nilless increments or deferred salary hikes

Most IT services-providing companies have announced Nilless salary increments or deferred salary hi...

Compensation

Sep 4, 2023

Most IT firms give Nilless increments or deferred salary hikes

Compensation

LTIMindtree rolled out very poor increments, 0-2% hike after delay

An Indian multinational information technology services and consulting company, LTIMindtree rolled out very poor increments for its employees, many have received a 0-2% hike even after months of delay. Major tech companies are delaying the salary hike for employees exponentially due to economic uncertainties. The move of salary delay is part of a larger trend of […]

Sep 1, 2023

Compensation

Tetley announces 7% salary increase for employees

The 2nd largest tea brand globally, Tetley will be increasing the salary of employees by 7% salary. The raise will be effective from 1 April 2023. This will benefit roughly 200 employees working for Tata Consumer Products, the manufacturer of Tetley goods for Canada and the UK. Other Companies Salary Increase / Announcements Tech Mahindra […]

Aug 24, 2023

Compensation

Wipro will not be hiring with 30% Hike; defers salary hikes to Q3

An Indian multinational corporation providing information technology, consultant, and business process services, Wipro CHRO said that there will be no more hiring with 30% hike. Due to the current market situation of economic slowdown and lower hiring environment, the company’s Chief Human Resources Officer Saurabh Govil said that IT professionals should focus on upskilling. Wipro […]

Aug 21, 2023

Compensation

Startup employees in India got 8-12 % average salary hikes

The Indian startup employees got an average salary increment of 8 to 12 percent in 2022-2023. Dipesh Jain, AVP – Talent, Elevation Capital said, “The shift in the market situation has led to a correction in salaries, though largely at the leadership level.” “Interestingly, on the other hand, job seekers are willing to wait longer […]

Aug 11, 2023

Compensation

Intel reverses salary cuts; will compensate employees with RSUs

Earlier reports in February said that an American multinational corporation and technology company Intel Corp will reduce the salary of 5% of base pay for mid-level employees and a 25% reduction in CEO Pat Gelsinger’s salary. “As we continue to navigate macroeconomic headwinds and work to reduce costs across the company, we’ve made several adjustments to […]

Aug 3, 2023

Compensation

Tech Mahindra defers salary hike of senior employees as profit falls

A specialist in digital transformation, consulting, and business re-engineering services, Tech Mahindra defers salary hikes for senior employees due to a huge drop in net profile in Q1FY24. The decision follows as the quarter nose-diving profits and EBIT margins decline. The company’s EBITDA at USD 163 mn; down 33.7% QoQ, down 31.8% YoY; Margin at […]

Jul 29, 2023

Layoffs

Byju’s employee bursts into tears on toxic work culture & layoff

Byju’s employee Akansha Khemka from Kolkata has burst into tears in a video message company is forcing her to resign and threatening to withhold her salary beyond August 1. She has been seeking support from the government for saving employees from a ‘toxic‘ work culture. Akansha Khemka has recently shared a LinkedIn Post saying, “I […]

Jul 28, 2023

Compensation

Compensation Trends 2023 Update: Top IT Companies to Telecom

EY released its Future of Pay 2023 report highlighting talent, attrition, and compensation trends across sectors in India Inc. According to the report, sectors that were severely impacted by the pandemic are experiencing a resurgence. The report estimates average salaries in India to increase by 10.2 per cent in 2023, lower in comparison to 10.4% (Actuals) […]

Jul 26, 2023

Social Media

Viral video of BYJU’s staff questioning boss over incentives

Many employees face work culture struggle. Recently, for the first time, a video has been circulating by Twitter and LinkedIn users showing a heated conversation between employees at BYJU’s office. Female staff can be heard saying in the video that I am screaming because I am going mad. The conversion is between a female employee […]

Jul 24, 2023

Compensation

Google salary data, software engr paid Rs 5.90 crore base salary

This salary data came from an internal spreadsheet shared among Google employees that contained information on more than 12,000 US workers. In the middle of layoffs and a salary freeze, Google is paying its employees a high salary. Google employees were reported to have earned an average total compensation of $279,802 (approximately Rs. 2.3 crore) in […]

Jul 21, 2023

Compensation

Airtel and VI rewarded 7-8% salary hikes; bonuses up to 110%

Telecom companies Airtel and Vodafone Idea have rewarded their employees with 7-8 per cent pay increments for the financial year 2023 (FY23). Airtel has given top talent a 110 percent bonus, and Vodafone Idea followed with a 100 percent bonus. However, Reliance Jio has not announced the increments till now. Increment plays an important role […]

Jul 14, 2023

Industry

TCS rolls out annual pay hikes, and promotions; effective from April

India’s largest IT services provider firm, Tata Consultancy Services (TCS) has announced a salary hike for its employees, despite the 200-bps impact on the company’s operating margin. TCS CFO Samir Seksaria said, “The annual pay hikes effective from April 1, would result in a 200-basis-point hit on the operating margin, which currently stands at 23.2%.” The […]

Jul 13, 2023