Salary Increment: HR News, Trends & Workplace Insights

Latest Salary Increment HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Salary Increment.

Updated on: Sep 2022

Compensation

Lufthansa to hike pay for pilots

Sep 16, 2022

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 sev...

Compensation

Aug 19, 2022

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

Mukesh Ambani draws nil salary for second year in row

Billionaire Mukesh Ambani for the second year in a row drew no salary from his flagship firm Relianc...

Industry

Aug 8, 2022

Mukesh Ambani draws nil salary for second year in row

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

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

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

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

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

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

Jobs

MRF announces bonus for employees after a sharp recovery

MRF announces one month’s salary as bonus for employees after a sharp recovery in the business Tyre manufacturing giant, MRF limited has announced one month’s salary as a bonus to its employees who didn’t get increments in the year 2020. According to an ET report, “We are disbursing, to all MRF staff who went without […]

Feb 17, 2021

Jobs

Telangana Govt issues orders to expedite promotion process of employees

Telangana Govt issues orders to expedite promotion process of employees Telangana Chief Secretary Somesh Kumar on Tuesday directed the district collectors to complete the promotions in respect of all cadres working in the districts by January 31 and to take up compassionate appointments without any delay. During a video conference with collectors, the chief secretary informed them that Chief Minister […]

Jan 6, 2021