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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
Salary in India likely to rise by . in
Survey & Report

Salary in India likely to rise by . in

Sep 26, 2022

Wipro rolls out annual salary hikes to employees

Bengaluru-based, IT major Wipro has announced that it will be awarding annual increments to eligible...

Compensation
Sep 24, 2022
Wipro rolls out annual salary hikes to employees

SpiceJet announces salary hike for pilots

Indias airline, SpiceJet has announced a percent salary hike for its pilots from October this ye...

Compensation
Sep 23, 2022
SpiceJet announces salary hike for pilots

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
Lufthansa to hike pay for pilots
IT companies including TCS, Infosys, and Wipro offering salary hike
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
Mukesh Ambani draws nil salary for second year in row
Industry

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 Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy. In its latest annual report, Reliance said Ambani’s remuneration for the financial year 2020-21 was “nil”. In June 2020, Mukesh […]

Aug 8, 2022
IndiGo to reinstate pilot salaries to pre-Covid levels from November
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
TCS employees to get 6-8% salary hike this year
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
Government is likely to hike Dearness Allowance by 4%
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
58,000 PSU general insurance employees strike for pay revision
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
IndiGo hikes salaries by 8% for the second time in 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
Mahindra hikes Rs 14,500 in monthly salary for 750 people in Hingna plant
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
Higher wages & 20% raises for new workers be new norm in IT industry?
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
Microsoft to double the budget for its employee salaries to retain them
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
India Inc to see an average 8.13% salary hike this year, Report
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
India to see bigger pay rises from next fiscal year
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