Latest Salary Hike HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Salary Hike.
The cost of living in a metro city is high. The cost of living is always on the higher side as room ...
An American multinational technology company, Apple has recently expanded its presence in India. The...
A South Korean multinational electronics corporation, Samsung has reduced the salary hike of its emp...
According to reports, Tata Consultancy Services (TCS) is expected to revise the salary of employees as usual. Milind Lakkad, the Chief Human Resources Officer said, “It is expected that the top performers will receive a 12-15 percent salary hike.” According to the ET Now report, TCS employees are expected to get a 100 percent variable payout for the […]
According to a Livemint report, the flag carrier airline of India, Tata group-owned Air India will be revising the salary of staff and it is expected the salary hike to be nearly 8-10%. It is expected that the shortage of pilots is the key reason behind the decision to raise salaries. There has been a […]
In mid of the layoff wave, Walmart-owned e-commerce giant, Flipkart will not give salary hikes to its nearly 4500 senior employees this year. Flipkart will be providing an annual increment of salaries to only 70 percent of its employees. The company is not providing increments for the top 30% of employees due to the current […]
An American multinational investment bank and financial services corporation, Citigroup Chief Executive Officer (CEO) Jane Fraser will receive a salary hike of 9%. Jane Fraser has been associated with Citigroup since July 2004. She joined the group as a Head of Client Strategy. According to Bloomberg reports, The pay has increased from $22.5 million in 2021 to […]
AON India recently conducted the most recent edition of its twelfth yearly Executive Rewards Survey that has found that Top executives to receive an average salary hike of 9.1% in 2023. The survey had the following finding:- “Senior executives’ salary increases continue to focus on pay at risk, indicating the emphasis on rewarding executives for […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
