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: Jan 2023

Compensation

Tamil Nadu govt announces hike in Dearness Allowance

Jan 2, 2023

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

According to various media reports, Indias largest IT Services Provider, Tata Consultancy Ser...

Compensation

Dec 30, 2022

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

Cognizant India spent over Rs crore on salary hikes

According to Timesnownews, IT major, Cognizant India has spent million over Rs crore in ...

Compensation

Dec 20, 2022

Cognizant India spent over Rs crore on salary hikes

Krispy Kreme to pay over . million in back wages

Krispy Kreme Doughnut Corp. has agreed to pay ,, in back wages and liquidated damages to ...

Compensation

Nov 21, 2022

Krispy Kreme to pay over . million in back wages

Compensation

SpiceJet announces steep salary hike for pilots ahead of Diwali

SpiceJet has announced a revised salary structure for its captains ahead of Diwali, in which the carrier increased their monthly remuneration by around 55 per cent to Rs700,000 for a total of 80 hours of flying. “Captains’ salaries revised to INR 7 lakh per month for 80 hours of flying. SpiceJet has been revising pilot […]

Oct 20, 2022

Compensation

Cognizant rolls out 7-10% salary hikes for employees

An American multinational information technology services and consulting company, Cognizant has announced that the company is rolling out annual salary hikes for employees ranging between 7% to 10%. However, the company has also stated that employees in Germany and France may have to wait for new salary hike letters. The main reason behind the delay is […]

Oct 19, 2022

Compensation

Salaries expected to restore to pre-pandemic level

According to TeamLease HRTech CEO Sumit Sabharwal, It is expected that certain sectors will restore salaries to the pre-pandemic mark. The salary is expected to be restored by the end of this financial year aided by the recovery in economic activities. The companies are trying to work as a pre-pandemic work model only. Sumit Sabharwal […]

Oct 17, 2022

Compensation

TCS says no change in increment policy for employees

India’s largest IT services provider, Tata Consultancy Services (TCS) has denied any change in its increment policy. The company has also said that there is no salary reduction for any employee. The company said that all its experienced employees will get an annual salary appraisal. Earlier, there have been reports claiming Tata Consultancy Services has reduced […]

Oct 3, 2022

Compensation

11 lakh railway employees to get 78 days bonus before Dussehra

India’s national railway system, Indian Railways has announced that over 11 lakh railway employees will receive a 78-day bonus before Dussehra. However, the Union cabinet will approve this week. The Railway Board has put forward the proposal of a 78-day bonus to the Centre. During this process of bonus, there will be an expenditure of […]

Sep 27, 2022

Survey & Report

Salary in India likely to rise by 10.4% in 2023

According to a survey conducted by Aon, Salaries in India are expected to increase by 10.4% in 2023. This salary increase will be slightly lower than that of an annual rise of 10.6% till date in 2022. This global professional services firm analyzed data across 1,300 companies from over 40 sectors in India. Apart from […]

Sep 26, 2022

Compensation

Wipro rolls out annual salary hikes to employees

Bengaluru-based, IT major Wipro has announced that it will be awarding annual increments to eligible employees for the year ending 2022. The employee will receive the salary increment in their September salary along with their merit salary increase letter. The company is expected to cover 96 percent of its employees. Earlier, Wipro said, “There is no […]

Sep 24, 2022

Compensation

OYO founder Ritesh Agarwal’s salary goes up 250%

Ritesh Agarwal, the Founder, and CEO of OYO, earned Rs. 5.6 crore in compensation in the last fiscal year, an increase of 250 percent from the year before, according to the firm’s filing with market regulator SEBI. Salary Cuts According to the regulatory filing, it showed that the company has cut the salaries of employees and bonus expenses significantly. Apart […]

Sep 20, 2022

Compensation & Benefits

Is the Economic Conundrum Shaping your Reward Agenda?

We live in a yo-yo world. Great resignation was the biggest headline in the HR world just a few months ago and now it’s the great “deprecession”. If only there was a crystal ball to gaze through and understand which side of the spectrum we stand. Is it depression or recession or a bit of […]

Sep 19, 2022

Compensation

Lufthansa to hike pay for pilots

The Germany Carrier, Lufthansa Airlines Group has agreed to pay increased salaries to its pilots at Lufthansa and Lufthansa Cargo. During the coronavirus, the airline terminated the agreement and started to set up a new airline with lower pay scale conditions. Michael Niggemann, Chief Human Resources Officer and Labor Director of the Deutsche Lufthansa Airlines […]

Sep 16, 2022

Strike

Alliance Air pilots go on strike over salary issues

A section of pilots of Alliance Air went on strike on Friday over salary issues, resulting in the cancellation of some flights, according to sources close to PTI. Alliance Air, which is owned by the government, operates ATR planes. As per its website, Alliance Air connects 48 destinations within India with 100 departures per day. […]

Sep 5, 2022

Compensation

TCS ends Anniversary Appraisal Policy for new lateral employees

According to media reports, India’s largest IT services provider, Tata Consultancy Services (TCS) has stopped its anniversary appraisal policy for newly joined lateral employees, effective from April 1, 2022. Under the anniversary appraisal policy, a newly joined employee gets an appraisal when completes a full year of service in TCS from the date of joining. Instead of this, […]

Sep 3, 2022