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: Mar 2023

Compensation

Salary hike alert Air India staff to receive - salary hike

Mar 31, 2023

Flipkart will not give salary hikes to its senior employees this year

In mid of the layoff wave, Walmart-owned e-commerce giant, Flipkart will not give salary hikes to it...

Compensation

Feb 24, 2023

Flipkart will not give salary hikes to its senior employees this year

Citigroup CEO Jane Fraser Gets Salary Hike

An American multinational investment bank and financial services corporation, Citigroup Chief Execut...

Compensation

Feb 23, 2023

Citigroup CEO Jane Fraser Gets Salary Hike

Top executives to receive an average salary hike of . in

AON India recently conducted the most recent edition of its twelfth yearly Executive Rewards Survey ...

Compensation

Feb 3, 2023

Top executives to receive an average salary hike of . in

Survey & Report

Indian employees likely to get 15-30% salary hike in 2023, Report

According to the survey by Korn Ferry, the companies in India are projected to dole out an average salary hike of 15 to 30 per cent more, in Asia’s biggest pay increase this year, as they look for key talent and niche skills, says a report. According to the survey, found that 61% of organizations […]

Jan 19, 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

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

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

Krispy Kreme to pay over $1.1 million in back wages

Krispy Kreme Doughnut Corp. has agreed to pay $1,187,757 in back wages and liquidated damages to 516 workers to resolve overtime violations in multiple locations found as part of a U.S. Department of Labor investigation. On Nov. 7, 2022, the department filed a complaint listing the violations and a consent order defining the settlement in […]

Nov 21, 2022

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