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wages: HR News, Trends & Workplace Insights

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

Updated on: Dec 2022
Tech Mahindra rewards ESOP to employees worth over Rs lakh
Compensation

Tech Mahindra rewards ESOP to employees worth over Rs lakh

Dec 22, 2022

Cognizant India spent over Rs crore on salary hikes

According to Timesnownews, IT major, Cognizant India has spent million over Rs crore in ...

Compensation
Dec 20, 2022
Cognizant India spent over Rs crore on salary hikes

Only one in three employees around the world are happy with their salary

According to the Gartner Inc survey, Only one in three employees around the world are happy with the...

Survey & Report
Dec 2, 2022
Only one in three employees around the world are happy with their salary

Krispy Kreme to pay over . million in back wages

Krispy Kreme Doughnut Corp. has agreed to pay ,, in back wages and liquidated damages to ...

Compensation
Nov 21, 2022
Krispy Kreme to pay over . million in back wages
Deutsche Bank announces to pay inflation bonus to employees
Compensation

Deutsche Bank announces to pay inflation bonus to employees

A German multinational investment bank and financial services company, Deutsche Bank has announced that the bank will pay an inflation bonus to its employees. The news comes at a time when companies have been laying off employees due to rising inflation. IT companies are already seeing margin pressure due to inflation and impending recession in markets […]

Nov 11, 2022
Wipro rolls out 100% variable pay for Q2 along with Nov’s payroll
Compensation

Wipro rolls out 100% variable pay for Q2 along with Nov’s payroll

India’s IT services provider company, Wipro rolls out 100 percent variable pay along with November’s payroll. A Wipro spokesperson said in a statement, “We will continue to invest in our people and their growth.” “For the second quarter of the financial year 2023, Wipro pays out 100 percent of variable pay to all employees whose pay-out […]

Nov 5, 2022
Infosys rolls out 60% variable pay for BPM employees
Compensation

Infosys rolls out 60% variable pay for BPM employees

The business process management subsidiary of Infosys Ltd., Infosys BPM (business process management) has announced that the average variable payout for its employees is 60% in the second quarter of this fiscal. The variable pay will be paid to its employees with their October salaries for some bands of employees (J4, J5, and J6). Infosys […]

Nov 3, 2022
Infosys confirms 10-13% salary hike, embarks on wage cost battle
Compensation

Infosys confirms 10-13% salary hike, embarks on wage cost battle

According to a mint report, an Indian multinational information technology company, Infosys Ltd has confirmed the salary hike for employees. The increments depend on an employee’s grade, with the senior management receiving lower salary hikes as their salaries are high. Infosys has added that a section of top performers receives 20-25% increments. However, it further […]

Oct 20, 2022
Cognizant rolls out 7-10% salary hikes for employees
Compensation

Cognizant rolls out 7-10% salary hikes for employees

An American multinational information technology services and consulting company, Cognizant has announced that the company is rolling out annual salary hikes for employees ranging between 7% to 10%. However, the company has also stated that employees in Germany and France may have to wait for new salary hike letters. The main reason behind the delay is […]

Oct 19, 2022
Salaries expected to restore to pre-pandemic level
Compensation

Salaries expected to restore to pre-pandemic level

According to TeamLease HRTech CEO Sumit Sabharwal, It is expected that certain sectors will restore salaries to the pre-pandemic mark. The salary is expected to be restored by the end of this financial year aided by the recovery in economic activities. The companies are trying to work as a pre-pandemic work model only. Sumit Sabharwal […]

Oct 17, 2022
Delhi Government Increases Minimum Wages, Effective October 1
Compensation

Delhi Government Increases Minimum Wages, Effective October 1

Delhi Government has increased the minimum wages of unskilled, semi-skilled, and skilled workers of Delhi and it is effective from October 1, 2022. The government had earlier raised the minimum wage in May. This hike in wages is due to high rising inflation and has come just before Diwali. Deputy Chief Minister Manish Sisodia said, “Amidst […]

Oct 14, 2022
TCS says no change in increment policy for employees
Compensation

TCS says no change in increment policy for employees

India’s largest IT services provider, Tata Consultancy Services (TCS) has denied any change in its increment policy. The company has also said that there is no salary reduction for any employee. The company said that all its experienced employees will get an annual salary appraisal. Earlier, there have been reports claiming Tata Consultancy Services has reduced […]

Oct 3, 2022
Wipro, TCS, Infosys pay salaries to engineers less than startups 
Compensation

Wipro, TCS, Infosys pay salaries to engineers less than startups 

Weekday has revealed that engineers working for startups get more annual salaries when compared to Indian IT companies like Wipro, TCS, and Infosys, among others. The data shows that employees are earning tens of lakhs per annum are particularly high if they are working with one of the product startups, instead of IT companies like […]

Sep 28, 2022
11 lakh railway employees to get 78 days bonus before Dussehra
Compensation

11 lakh railway employees to get 78 days bonus before Dussehra

India’s national railway system, Indian Railways has announced that over 11 lakh railway employees will receive a 78-day bonus before Dussehra. However, the Union cabinet will approve this week. The Railway Board has put forward the proposal of a 78-day bonus to the Centre. During this process of bonus, there will be an expenditure of […]

Sep 27, 2022
Wipro rolls out annual salary hikes to employees
Compensation

Wipro rolls out annual salary hikes to employees

Bengaluru-based, IT major Wipro has announced that it will be awarding annual increments to eligible employees for the year ending 2022. The employee will receive the salary increment in their September salary along with their merit salary increase letter. The company is expected to cover 96 percent of its employees. Earlier, Wipro said, “There is no […]

Sep 24, 2022
SpiceJet announces 20% salary hike for pilots
Compensation

SpiceJet announces 20% salary hike for pilots

India’s airline, SpiceJet has announced a 20 percent salary hike for its pilots from October this year onwards. According to an internal mail to all the pilots, Senior VP, Gurcharan Arora said, “The Spicejet has received the approval for a loan under the government’s ECLGS scheme.” “The first tranche of the payment has already been […]

Sep 23, 2022