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: Sep 2023

Compensation

Most IT firms give Nilless increments or deferred salary hikes

Sep 4, 2023

LTIMindtree rolled out very poor increments, - hike after delay

An Indian multinational information technology services and consulting company,nbspLTIMindtree rol...

Compensation

Sep 1, 2023

LTIMindtree rolled out very poor increments, - hike after delay

Tetley announces salary increase for employees

The nd largest tea brand globally, Tetley will be increasing the salary of employees by salary. ...

Compensation

Aug 24, 2023

Tetley announces salary increase for employees

Wipro will not be hiring with Hike defers salary hikes to Q

An Indian multinational corporation providing information technology, consultant, and business proce...

Compensation

Aug 21, 2023

Wipro will not be hiring with Hike defers salary hikes to Q

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

Compensation

TCS CHRO: 55% of employees working 3 days a week from office

India’s largest IT services firm, Tata Consultancy Services (TCS) reported its consolidated financial results for Q1FY24 the quarter ending June 30, 2023. The IT giant reported a 16.84 per cent year-on-year (YoY) rise in its consolidated net profit. But on a quarter-on-quarter (QoQ) basis, TCS’ consolidated net profit was down 2.8 per cent. K Krithivasan, […]

Jul 13, 2023

Compensation

IT major Infosys defers salary hikes for employees

India’s second-largest IT giant Infosys has deferred the salary hikes of its employees which it usually rolls out from April for its employees below the senior management level. Earlier also in the 2020, pandemic year, the company froze hikes and then rolled out hikes in January 2021. Usually, Infosys rolls out pay hikes for employees […]

Jul 12, 2023

Social Media

Manager yells at employee for trying to discuss pay hike

When companies increase the pay of any employee it is a long process and when employees discuss the pay hike it has a mixed reaction from companies end. Recently, a Reddit user shared his experience during the salary increase discussion. The post has discussed the reaction that the employee received when he tried discussing his pay hike […]

Jul 10, 2023