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 2022

Compensation & Benefits

Is the Economic Conundrum Shaping your Reward Agenda?

Sep 19, 2022

Lufthansa to hike pay for pilots

The Germany Carrier, Lufthansa Airlines Group has agreed to pay increased salaries to its pilots at ...

Compensation

Sep 16, 2022

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 ca...

Strike

Sep 5, 2022

TCS ends Anniversary Appraisal Policy for new lateral employees

According to media reports, Indias largest IT services provider, Tata Consultancy Services TCS ha...

Compensation

Sep 3, 2022

TCS ends Anniversary Appraisal Policy for new lateral employees

Compensation

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

A lot of IT companies in India have struggled with significant attrition rates over the previous several quarters. To address this issue companies have decided to revise their salaries. Many IT companies, Wipro, Infosys, and TCS have announced initiatives, including compensation increases and bonus payments to retain personnel. The following are the details of IT […]

Aug 19, 2022

Compensation

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

India’s largest passenger airline, IndiGo is planning to restore the salaries of pilots by 6 percent from September 2022. The airline is planning to bring back the salaries of pilots to pre-COVID levels by November 2022. Another 6 percent hike is planned for November. According to reports, the airline has already reinstated overtime allowance for […]

Aug 2, 2022

Compensation

TCS employees to get 6-8% salary hike this year

India’s largest IT services provider company, Tata Consultancy Services (TCS) has said that the IT company gave a salary hike of 6-8% in FY22 and will be looking at similar increments with an upward bias in FY23. TCS Chief, Rajesh Gopinathan has received Rs 25.76 crore total compensation in FY22. This is nearly a 27% jump from […]

Jul 23, 2022

Compensation

Government is likely to hike Dearness Allowance by 4%

According to media reports, the Central government employees are likely to get a hike in Dearness Allowance next month. They have been waiting for a hike in their salary for quite some time. Although these are early speculations only. The employees will have to wait for an official announcement on the matter. Dearness Allowance (DA) […]

Jul 19, 2022

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