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: Aug 2022

Compensation

IT companies including TCS, Infosys, and Wipro offering salary hike

Aug 19, 2022

IndiGo to reinstate pilot salaries to pre-Covid levels from November

Indias largest passenger airline, IndiGo is planning to restore the salaries of pilots by percent...

Compensation

Aug 2, 2022

IndiGo to reinstate pilot salaries to pre-Covid levels from November

TCS employees to get - salary hike this year

Indias largest IT services provider company, Tata Consultancy Services TCS has said that the IT c...

Compensation

Jul 23, 2022

TCS employees to get - salary hike this year

Government is likely to hike Dearness Allowance by

According to media reports, the Central government employees are likely to get a hike in Dearness Al...

Compensation

Jul 19, 2022

Government is likely to hike Dearness Allowance by

Industry

58,000 PSU general insurance employees strike for pay revision

The Joint Forum of Unions (JFTU) and Associations in Public Sector General Insurance Companies nearly 58,000 employees are on strike on Friday. The employees are demanding wage revision. The companies include Oriental Insurance Company Limited, National Insurance Company Limited, The New India Assurance Company Limited, United India Insurance Company Limited, and General Insurance Corporation of […]

Jul 16, 2022

Compensation & Benefits

IndiGo hikes salaries by 8% for the second time in 2022

India’s largest passenger airline, IndiGo has hiked the salaries by 8% for the second time in 2022. This will be effective from August 1. However, even after Thursday’s 8% increase, the salaries remain lower than the pre-Covid levels. IndiGo has also decided to restore overtime allowance for pilots to the pre-Covid level. Earlier, the airline […]

Jul 10, 2022

Industry

Infosys CEO Salil Parekh’s Salary Jumps 43% To Rs. 71 Crore

India’s second-largest IT services firm, Infosys chief executive Salil Parekh’s total compensation has increased 43% to Rs 71 crore in the fiscal year 2021-22. The revised compensation comes into force as Salil Parekh is reappointed as CEO and MD of the company from 1 July 2022 and ending on 31 March 2027. Salil said in his […]

May 28, 2022

Industry

Microsoft slows hiring due to economic uncertainty

Software giant, Microsoft said it would be slowing down some of its hirings to become more cautious about adding staff. The company would be reducing the pace of hiring people for the software group that develops its Windows, Office, and Teams applications. If the company plans to expand its headcount, new hires for the software […]

May 27, 2022

Industry

Mahindra hikes Rs 14,500 in monthly salary for 750 people in Hingna plant

According to media reports, Mahindra & Mahindra hikes Rs 14,500 in monthly salary for 750 people in the Hingna plant. The state labour commission has mediated an agreement between the management of the Mahindra & Mahindra Hingna plant at Hinga Road and 750 employees. According to the agreement, these employees will now get a salary hike […]

May 23, 2022

Industry

Higher wages & 20% raises for new workers be new norm in IT industry?

For a long, the companies had the command over the pay and this seems to be changing now. The IT companies have been managing their operational costs by keeping a tight check on the fresher salaries. With the current package structure, the IT companies find it difficult to attract new talent now at the old […]

May 20, 2022

Compensation & Benefits

Infosys plans to offer bumper salary hikes, promotions, and bonuses

India’s second-largest IT services provider, Infosys announces bumper salary hikes, promotions, and bonuses to its employees to deal with rising attrition. According to media reports, Banagluru-based- IT major plans to offer an average rise of 12-13 percent to its employees in India. The company also plans to give high-potential employees a hike up to 20-25 […]

May 19, 2022

Compensation & Benefits

Microsoft to double the budget for its employee salaries to retain them

Software giant, Microsoft Corporation CEO Satya Nadella said in a memo to staffers that the company is increasing compensation for its employees as the labor market tightens and employees contend with increasing inflation. Microsoft has planned to “nearly double” its budget for employee salary increment and boost the range of stock compensation to give some workers by […]

May 17, 2022

Survey & Report

India Inc to see an average 8.13% salary hike this year, Report

The median salary increment this year is likely to be around 8.13 per cent as the country recovered from the after effects of pandemic-related disruptions, a report said. According to the ‘Jobs and Salary Primer Report for FY2022 by TeamLease’, unlike the last two years, this year most of the job roles from across sectors […]

May 14, 2022

Industry

IT companies to raise entry-level salaries for fresh graduates

As entry-level employees in India’s IT companies continue to rise faster, the IT firms are now focusing on hiring fresh graduates and increasing their salaries. Apparao V.V., Chief Human Resources Officer, HCL Technologies said, “The salaries for entry-level engineers have been revised to Rs 4.25 lakh this year from Rs 3.65 lakh. We are also […]

Apr 25, 2022

Industry

Infosys to hire 50,000 freshers in FY23, Salary Hike in this month

IT major, Infosys said that it has already hired 85,000 freshers both off-campus and on-campus in the financial year 2022 which ended on March 31. Infosys attrition rate reaches 27.7% in the March quarter, up from 25.5% in the December quarter, but the management was confident that attrition was actually down in the last quarter. The […]

Apr 16, 2022

Hiring

TCS announces salary hike from April 1, will hire 40K freshers in Q1FY23

India’s largest IT services provider company Tata Consultancy Services (TCS) had added over 100,000 employees from campus for fiscal 2021-22. The company has announced to hire 40,000 people from the campus in the first quarter of FY23. The company has added 35,209 employees on a net basis for the fourth quarter ended on March 31, […]

Apr 16, 2022