Salary: HR News, Trends & Workplace Insights

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

Updated on: Jun 2023
Staff unpaid for months, startup rents Taj Land room for ₹80K/day
Industry

Staff unpaid for months, startup rents Taj Land room for ₹80K/day

According to Inc 42 reports, Broker Network has burnt over INR 280 Cr in less than 18 months. Additionally, the company has not paid salaries to more than 150 employees since November 2022. As per the current status, the company is left with no money. However, the founder Rahul Yadav reportedly maintained a luxurious lifestyle […]

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Infosys CEO Salil Parekh’s salary drops by 21%: Report
Compensation

Infosys CEO Salil Parekh’s salary drops by 21%: Report

According to a report of Business Today, Infosys CEO Salil Parekh’s total salary has been reduced for the financial year 2022-23. The report also suggested that his salary is higher than the average Infosys employee. The average Infosys employee earned Rs 10.3 lakh in the fiscal year 2022-23. The salary for FY23 is Rs 56.44 […]

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HCLTech changes its HR policy, impact on salaries, NITES in action
Compensation

HCLTech changes its HR policy, impact on salaries, NITES in action

An Indian multinational information technology services provider company, HCLTech has recently changed its HR policy related to employee compensation. The company has revised its Engagement Performance Bonus (EPB) a performance-linked variable pay. EPB is a part of the variable pay of the employees. The company has now decided to pay EPB on a quarterly basis instead […]

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Microsoft CMO guides employees on how to raise salaries
Industry

Microsoft CMO guides employees on how to raise salaries

An American multinational technology corporation, Microsoft employees aren’t getting salary raises this year. Chief Marketing Officer Chris Capossela has suggested to employees the best way to boost pay is- by working to push the company’s stock higher. Microsoft’s Chief Marketing Officer said in an internal communication to employees, “The most important lever for almost all of […]

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Infosys reduces Average Variable Payout for Q4FY23 to 60%
Compensation

Infosys reduces Average Variable Payout for Q4FY23 to 60%

India’s second-largest IT giant Infosys said that the average variable payout for Q4FY23 has been reduced to 60 percent at an organization level. The employees will receive individual emails regarding the Payout. The variable pay would be disbursed along with the May salary. In Q1FY23, Infosys had lowered variable payout to 70 percent, which was then […]

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IBM employee on Sick Leave for 15 years sued Co. for no pay rise
Compensation

IBM employee on Sick Leave for 15 years sued Co. for no pay rise

According to the reports of Livemint, An American multinational technology corporation, IBM employee has been on sick leave since 2008. He sued his company for discrimination because he did not receive a raise. He claimed, however, that he was a victim of ‘disability discrimination’ since his income had not been increased in the 15 years he […]

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Microsoft won’t give employees salary raise this year
Compensation

Microsoft won’t give employees salary raise this year

An American multinational technology corporation, Microsoft won’t raise the salary of employees this year for full-time employees. According to Reuters, a spokesperson for the tech giant said, “We recognize that navigating both a dynamic economic environment and a major platform shift requires us to make critical decisions in how we invest in our people, our […]

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Burger King employee gifted Rs 3 Cr for not taking a single leave in 27 yrs
Compensation

Burger King employee gifted Rs 3 Cr for not taking a single leave in 27 yrs

A 54-year-old Burger King employee has received over $400,000 nearly Rs 3.26 crore, on his retirement. he has never missed a day of work in 27 years. An Instagram page titled Kevin Ford shared the video and the caption read, “Keep Workers Nowadays, He Even Worked Through the Early Covid Days, Never Missing A Day of Work, […]

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Google’s leadership double standards: Example of corporate greed
Industry

Google’s leadership double standards: Example of corporate greed

Google’s leadership has double standards. However, due to economic uncertainty, the company laid off and also cut the benefits of the employees but when it comes to the salary of the top executive they are paid very high. Harpreet Singh Saluja, President – Nascent Information Technology Employees Senate, shared a tweet and said, “The double standards […]

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Wipro official says Over 90% of freshers opt for lower salary option
Industry

Wipro official says Over 90% of freshers opt for lower salary option

According to livemint reports, An Indian multinational corporation, Wipro to fast-track onboarding more than 90% of the freshers have accepted lower salary options. Jatin Dalal, chief financial officer at Wipro said, “The next-gen associates were given both the options and 92% of the campus hires chose to join Wipro at the original offer.” Wipro has reduced the […]

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Woman claims Rs 50k salary not enough to survive in metro city
Compensation

Woman claims Rs 50k salary not enough to survive in metro city

The cost of living in a metro city is high. The cost of living is always on the higher side as room rent, groceries, medical facilities, and more are expensive. Recently, in a viral post on Twitter, a user, named Medha Ganti, shared this struggle of hers and said how it is impossible to survive […]

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Apple Store employees earning Rs 1.0 lakh with additional benefits
Compensation

Apple Store employees earning Rs 1.0 lakh with additional benefits

An American multinational technology company, Apple has recently expanded its presence in India. The company has opened its first official online store in Mumbai followed by Delhi. Mumbai’s Apple Store has been opened in Mumbai’s is located bustling Bandra Kurla Complex financial, arts, and entertainment district, and Delhi one has been opened in Saket. The […]

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