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: Sep 2022

Compensation

OYO founder Ritesh Agarwals salary goes up

Sep 20, 2022

Sikkim Government hikes minimum wage by

The Sikkim government has hiked the minimum wage for unskilled workers by percent. Now, the curre...

Compensation

Sep 19, 2022

HC backs Court Order asking General Motors India to pay wages to staff

As major relief to over , protesting workers of General Motors Indias plant in Talegaon, ...

Compensation

Sep 19, 2022

HC backs Court Order asking General Motors India to pay wages to staff

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

Compensation

SpiceJet is apparently not depositing PF in staff accounts

India’s most preferred airline, SpiceJet financial crisis is hurting employees. Earlier, Chief Financial Officer Sanjeev Taneja had also quit the organization due to concerns over mounting losses. It is now reported that the airline company has emerged in failing to deposit PF in employees’ accounts. A SpiceJet spokesperson said, “There has been certain deferral on discharging […]

Sep 6, 2022

Industry

SpiceJet delays disbursal of salaries for the second straight month

India’s Most Preferred airline, SpiceJet has delayed the disbursal of salaries for the second straight month. The airline said that the payments will be made in a “graded format”. The employees on Wednesday informed about the delay. This is the second time that the company has delayed the salaries. The company has to release Form 16 for the financial […]

Sep 1, 2022

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

Industry

Refyne launches salary-on-demand on WhatsApp

Refyne has announced its salary on-demand service that is available on WhatsApp. It will help employees access their paychecks in real-time. It will provide customers with a fast, seamless, and convenient way to access their salaries in real-time. The users can simply send a WhatsApp to Refyne. The company will then guide them through some quick […]

Jul 28, 2022

Compensation

EY staff paycheques were reversed from staff accounts due to error

The leading global professional services organization, Ernst & Young Global Ltd. (EY) U.S. employees’ paycheques were accidentally reversed by the payroll provider ADP. The salary was erroneously reversed on EY’s July 15 payroll impacting the US employees. The company was working urgently with ADP to fix the error. This has affected all of its roughly 55,000 US […]

Jul 22, 2022

Industry

Company accidentally paid employee Rs. 1.4 cr instead of his actual salary

The company mistakenly paid 286 times an employee his salary last month. The company paid the employee 165,398,851 Chilean pesos (Rs 1.42 crore), instead of 500,000 pesos (Rs 43,000). This incident took place in the human resources area of Consorcio Industrial de Alimentos (Cial). On May 30, one of the company’s workers approached the deputy manager of […]

Jun 29, 2022

Industry

IT companies to raise entry-level salaries for fresh graduates

As entry-level employees in India’s IT companies continue to rise faster, the IT firms are now focusing on hiring fresh graduates and increasing their salaries. Apparao V.V., Chief Human Resources Officer, HCL Technologies said, “The salaries for entry-level engineers have been revised to Rs 4.25 lakh this year from Rs 3.65 lakh. We are also […]

Apr 25, 2022

Industry

DXC Technology to regularise salary increments, increase hiring

According to TOI report, DXC Technology, a global technology company has said that it is going to regularise its salary review process and expedite the hiring in 2021. Mary E Finch, CHRO and EVP, DXC Technology said in a statement that one of her first initiatives was the Pay the People campaign. “There was no regular pay […]

Jun 25, 2021

Jobs

Citigroup slashes CEO’s pay by 21%, to $19 million

Citigroup slashes CEO’s pay by 21%, to $19 million Citigroup Inc said late on Friday that outgoing Chief Executive Officer Mike Corbat’s compensation for 2020 would be $19 million, a 21% decrease from 2019, according to a regulatory filing. Company directors reduced Corbat’s incentive pay for his failures to efficiently address the risk and control […]

Feb 13, 2021

Jobs

Central govt employees may start getting more salary from next year

7th Pay Commission: Central govt employees may start getting more salary from next year While the COVID-19 pandemic has resulted in a massive economic slowdown, forcing the government to slash to Dearness Allowance (DA) at the previous rate, there might be some good news waiting for the employees. The central government employees and pensioners were […]

Dec 14, 2020

Jobs

JPMorgan Chase plans to freeze salaries for most employees

JPMorgan Chase plans to freeze salaries for most employees JPMorgan Chase & Co plans to freeze salaries for most employees with titles of vice president and above even as it expects to increase bonuses for some traders as much as 20%, according to a person familiar with the matter. The plans come as bank executives […]

Dec 1, 2020

Compensation & Benefits

Variable Compensation and Its Relevance in New Normal

Variable Compensation and Its Relevance in the ‘New Normal’ All organizations value their human capital which is the most critical part of any organization’s success. In order to attract and retain talent in a tight volatile market, it’s imperative to offer compelling compensation and benefits packages to its employees. In most of the organizations, employee […]

Jul 29, 2020