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: Apr 2023

Compensation

TCS working on doubling the salary, and reducing disparity

Apr 26, 2023

HCLTech employees to get variable pay CPO, R Sundarajan

An information technology services and consulting company, HCLTech will be providing percent of i...

Compensation

Apr 21, 2023

HCLTech employees to get variable pay CPO, R Sundarajan

Wipro imposes test, after slashing salaries by for freshers

Earlier, an Indian multinational corporation, Wipro reduced the fresher employees salary by ...

Industry

Apr 20, 2023

Wipro imposes test, after slashing salaries by for freshers

Cognizant announces the third hike, Read CEO email to employees

An American multinational information technology services and consulting company, Cognizant has anno...

Compensation

Apr 19, 2023

Cognizant announces the third hike, Read CEO email to employees

Compensation

Amazon to plans to cut Stock Awards & fire hundreds of employees

The e-commerce technology company, Amazon has recently announced to sack more than 100 employees from its gaming division. The company is ongoing efforts to restructure and streamline its operations resulting in layoffs. The company’s Games VP Christoph Hartmann wrote a memo to staff and informed them about the job cuts. Christoph Hartmann wrote, “After evaluating […]

Apr 6, 2023

Compensation

Salary hike alert: Air India staff to receive 8-10% salary hike

According to a Livemint report, the flag carrier airline of India, Tata group-owned Air India will be revising the salary of staff and it is expected the salary hike to be nearly 8-10%. It is expected that the shortage of pilots is the key reason behind the decision to raise salaries. There has been a […]

Mar 31, 2023

Compensation

Meta may lower bonus payments of some employees

According to the reports, Facebook owner Meta will be lowering bonus payments for some employees. The bonus multiplier for that grade has been cut to 65% from 85% earlier. Chief Executive Mark Zuckerberg earlier in February declared 2023 the “year of efficiency.” Following the footsteps, the company will also restart assessing staff performance twice a year. The reports […]

Mar 29, 2023

Industry

Infosys HR Head: Freshers promoted faster, get big hikes

According to TOI report, EVP and Group HR Head Krish Shankar, Infosys has said that freshers in the company today get promoted much faster and get substantially higher jumps in salaries than a few years ago. Responding to fresher salaries in the IT industry having stagnated at about Rs 3.5 lakh per annum for years, […]

Mar 20, 2023

Industry

Wipro should relook at the strategy of salary cuts for freshers

Recently, An Indian multinational corporation, Wipro rolled out a revised offer letter for recruits awaiting onboarding at the company for over 12 months. The company has reduced the employee’s salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh per annum. The company said in an email to candidates, “Like others in our industry, […]

Feb 28, 2023

Compensation

CRED CEO Kunal Shah says his salary is only Rs 15,000/month

An Indian fintech company, CRED Chief Executive Officer (CEO) Kunal Shah took to Instagram to hold an ‘Ask Me Anything’ session. In the ‘Ask Me Anything’ session, Kunal Shah revealed his monthly salary. He stated that his salary is Rs 15,000 per month and he also provides a reason for it. Kunal Shah wrote on […]

Feb 28, 2023

Compensation

Flipkart will not give salary hikes to its senior employees this year

In mid of the layoff wave, Walmart-owned e-commerce giant, Flipkart will not give salary hikes to its nearly 4500 senior employees this year. Flipkart will be providing an annual increment of salaries to only 70 percent of its employees. The company is not providing increments for the top 30% of employees due to the current […]

Feb 24, 2023

Compensation

Amazon is likely to cut salaries of some employees by 50%

According to Business Insider reports, an American multinational technology company, Amazon corporate is likely to cut the salary of some employees by 50 percent. Amazon Chief Executive Andy Jassy said, “The result is that compensations are impacted. And that is difficult. All of that is difficult.” “But I am quite optimistic that we have the chance […]

Feb 23, 2023

Compensation

Citigroup CEO Jane Fraser Gets 9% Salary Hike

An American multinational investment bank and financial services corporation, Citigroup Chief Executive Officer (CEO) Jane Fraser will receive a salary hike of 9%. Jane Fraser has been associated with Citigroup since July 2004. She joined the group as a Head of Client Strategy. According to Bloomberg reports, The pay has increased from $22.5 million in 2021 to […]

Feb 23, 2023

Compensation

Wipro cuts freshers’ pay by 50% amid onboarding delays

An Indian multinational corporation, Wipro has reduced the employee’s salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh per annum. Wipro provides training to freshers employees. This gives an opportunity to the Elite fresher candidate to upgrade to the ‘Turbo’ category. This also upgrades the salary package of employees. Now, As per […]

Feb 21, 2023

Compensation

Deutsche Bank to cut bonuses of employees misusing WhatsApp

According to Bloomberg reports, A German multinational investment bank and financial services company, Deutsche Bank, announced that the bank will cut bonuses for staff misusing WhatsApp messaging services for business communications. Currently, Deutsche Bank said in a statement, “We have a consequence management framework in place.” “Depending on the quantity and quality of violations this will also […]

Feb 16, 2023

Compensation

Top executives to receive an average salary hike of 9.1% in 2023

AON India recently conducted the most recent edition of its twelfth yearly Executive Rewards Survey that has found that Top executives to receive an average salary hike of 9.1% in 2023. The survey had the following finding:- “Senior executives’ salary increases continue to focus on pay at risk, indicating the emphasis on rewarding executives for […]

Feb 3, 2023