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Accenture pays bonuses, plans significant promotions in December cycle IT major, a Fortune Global ...
BankBazaar to hire people by March, roll out pay hikes effective January , BankBazaar.com ...
Cognizant starts promotions this week for associates According to a moneycontrol report, Cognizant w...
Wipro to Raise Salaries of 80% Workforce by December 1, 2020. IT major, Wipro confirms its plan to roll out a single-digit salary hike for nearly 80 per cent of its employees, effective December 1. In Conversation with SightsIn Plus, Wipro CHRO Saurabh Govil said, “The Majority of our workforce (over 98%) continues to operate […]
Indian companies to offer better salary hikes in 2021: Aon According to a survey by global human resource consultancy Aon, people working in Indian companies will likely to get better salary hikes in the upcoming year compared to 2020. At present companies are betting on higher consumer demand due to enhanced government spending and bumper […]
Cognizant announces hikes & promotions to its employees Cognizant, one of the world’s leading professional services companies has said that it has begun targeted merit-based salary increments and promotions from October 1, 2020. The hikes and promotions model is based on skills, relative contribution, and qualities needed to lead transformation and future growth. The company […]
Salary cuts are getting rolled back, getting back to Normal? After reducing salaries owing to the pandemic, various companies are now bringing remunerations back to normal. Over the last three weeks, several technology bellwether firms like TCS, Infosys, Wipro, HCL, Tech Mahindra and Mindtree, etc have announced plans to give out salary increments and bonuses. […]
Tech Mahindra to roll out salary hikes in early 2021 According to a money control report, IT services major, Tech Mahindra has announced that it will roll out salary hikes in a phased manner in 2021 starting with its junior-most employees. CP Gurnani, CEO, Tech Mahindra, said in an earnings call on October 23, “We are […]
Reliance Industries rolls back salary cuts, announces performance bonus According to an ET report, Reliance Industries is rolling back salary cuts and offering the performance bonus which had been deferred to those employed in its hydrocarbon business. And in a first for the business house, the hydrocarbon segment will also offer an advance 30% of […]
Mindtree announces salary hike, effective January 1, 2021 Larsen & Toubro (L&T) -owned, IT services firm, Mindtree has announced the salary hike for employees effective January 1, 2021. Mindtree had 21,827 employees at the end of the September quarter. Mindtree CEO & MD Debashis Chatterjee said, “the company completed its promotion cycle in the second quarter, and […]
HCL to hire 12K freshers this year, rolling out salary increments too Indian IT service exporter, HCL Technologies will hire 12,000 freshers for FY21 from campuses. The company has already hired close to 3,000, and the rest would be on-boarded in the next two quarters, said VV Apparao, Chief Human Resources Officer, HCL Tech. Apparao said, […]
Infosys announces Salary Increment from Jan 2021, 100% Variable Pay, Special Bonus in Dec Quarter India’s 2nd largest IT services firm, Infosys has announced to roll out 100% variable pay in the July-September quarter along with a one-time special incentive to junior-level employees for the Q2. And the company will also be giving out salary […]
Quick Heal announces the salary hike from October 2020 After hiring over 150 new employees during the pandemic-related lockdown, home-grown cybersecurity solutions company Quick Heal Technologies Ltd. on Monday said it is moving for an annual increment for its employees in October. Quick Heal said it will continue hiring and training fresh minds, creating a considerable talent pool of highly […]
After HDFC & ICICI banks, now Axis gives salary hikes to its employees Axis Bank is increasing staff salaries between 4% and 12% from October 1, 2020, based on performance. The bank which has about 76,000 employees, also paid bonuses to its staff. HDFC Bank boosted salaries in April based on performance and also paid […]
Tata Consultancy Services declares a pay hike for employees, effective October 1, 2020 India’s biggest IT company TCS has announced that the salary hike for its employees will be rolled out effective October 1, 2020. The company consolidated headcount stood at 453,540 as of September 30, 2020. TCS said it is continuing investments in organic […]