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: Apr 2022

Industry

IndiGo pilots upset with pay hike after cut

Apr 5, 2022

Average increment in India likely to increase to . in Report

Indian companies are expected to dole out an average increment of . percent in , higher than t...

Survey & Report

Mar 3, 2022

Average increment in India likely to increase to . in Report

Amazon plans to more than double base pay cap for employees

According to a Reuter report, Amazon.com Inc plans to more than double its base pay cap to ,,...

Industry

Feb 10, 2022

Amazon plans to more than double base pay cap for employees

Bank of America raises base pay for top bankers

Bank of America Corp is raising the base salary for senior bankers, according to a person familiar w...

Industry

Jan 27, 2022

Bank of America raises base pay for top bankers

Industry

TCS ramping up promotions to retain talent, 200000 women in workforce

On January 12, India’s IT services provider Tata Consultancy Services (TCS) has announced its third-quarter results for the financial year 2022. All three Top IT Companies in India TCS, Infosys, and Wipro have reported a jump in attrition rate which leads to an increase in the number of freshers hiring in Q4. Attrition TCS attrition inched up […]

Jan 15, 2022

Industry

Google raises salaries of top brass after ‘refusing’ to hike workers’ pay

After informing employees last month that it wouldn’t automatically adjust salaries to account for inflation, Google is giving four of its top-most senior executives a significant pay hike, raising their base salaries from $650,000 to $1 million. The new pay packages for Chief Financial Officer Ruth Porat; senior vice president Prabhakar Raghavan (in charge of Google search); senior vice […]

Jan 6, 2022

Survey & Report

India to see bigger pay rises from next fiscal year

Employees in India will see bigger pay rises next fiscal year as firms expect to emerge from lockdowns and the supply of applicants lags demand, according to recruiters. Paychecks could rise about 8% in the financial year starting April 2022, especially if authorities avert a third wave of the virus, according to Michael Page and Aon Plc. That’s higher than […]

Jul 24, 2021

Industry

Grofers rolls out 33% salary hike for its tech team

Online grocery delivery platform Grofers announced on Monday that it will offer a 33 per cent hike in salary to its tech team effective July 2021, along with a “hefty ESOP allocation” as the online grocery delivery platform looks to retain staff and woo more tech talent. The SoftBank-backed company, which plans to launch an […]

Jun 25, 2021

Industry

Panacea Infosec rolls out 30-40% salary hike, effective April 21

Panacea Infosec rolls out 30-40% salary hike, to add 25-35% people to its workforce Panacea Infosec, a Cybersecurity firm has given 30-40 per cent hike in salaries for all employees with effect from April 2021. The company also announces to add 25-35% people to its workforce. Currently, we have around 230 employees and planning to […]

May 21, 2021

Industry

GX Group rolled out bonus of one month’s basic salary in April 2021

GX Group rolled out bonus of one month’s basic salary in April 2021 GX India rolled out bonus for its employees, which is equal to one month’s basic salary in April 2021. This has come in times of pandemic when most companies are deferring salary hikes and bonuses. The company has rolled out bonus to […]

May 5, 2021

Industry

TCS rolled out Pay Hike from April 2021, Who will not get it?

TCS rolled out Pay Hike from April 2021, Who will not get it? India’s biggest IT major, Tata Consultancy Services (TCS) had announced its second salary hike within six months, effective from the month of April 2021. Previously, the company rolled out its first salary hikes by 6-8% in October 2020. With the upcoming hike, […]

Apr 19, 2021

Industry

LIC rolls out 16% salary hike, 5-day-work week, and special allowance

LIC rolls out 16% salary hike, 5-day-work week, and special allowance After a long time, Life Insurance Company (LIC) has announced a salary hike of 16% for all employees. Over one lakh employees of LIC will benefit from the wage revision that has come along with several other perks. Earlier to this, LIC employees got […]

Apr 18, 2021

Industry

Infosys to hire 25,000 from campuses in FY22, salary hike from July, attrition 15.2% in Q4

Infosys to hire 25,000 from campuses in FY22, salary hike from July, attrition 15.2% in Q4 India’s second-largest IT services firm, Infosys has announced the attrition of 15.2% for Q4, the quarter ended on March 31, 2021, a sharp spike from 10% in the previous quarter. It is very high compared to its peer company, Tata […]

Apr 15, 2021

Industry

Tata Sons Restores Pay and Offers Salary Hikes from April

Tata Sons Restores Pay and offers Salary Hikes from April 2021 Tata Sons, the holding company of Tata Group has restored staff salaries to the pre-Covid levels and is likely to announce pay hikes from April 2021. Remarkably, the top executives of Tata group companies’ had taken around 20% pay cuts in 2020 to keep costs low […]

Mar 25, 2021

Industry

Cognizant, Accenture, TCS, PwC India announced bonus, promotions, and salary hike this month

Cognizant, Accenture, TCS, PwC India announced bonus, promotions, and salary hike in March 2021 IT services major Cognizant said earlier this month that it is offering bonuses that are “substantially higher than 2019” and has promoted more than 24,000 employees across levels. The step, aimed at helping the company stem attrition, will also see Cognizant […]

Mar 21, 2021

Industry

Amway India rolls out promotions, salary hikes and bonuses

Amway India rolls out promotions, salary hikes, and bonuses According to the ET report, Amway India, one of the world’s largest Direct Selling Company, has announced a 109% bonus in 2021 to all of its employees across all functions and levels. Shantanu Das, Chief Human Resources Officer of Amway India said “We at Amway India […]

Mar 7, 2021