Tag: Bonus

PwC staff to get bonus to take vacations

PricewaterhouseCoopers (PwC) is offering incentives to its employees in the US to take time off from work and go on a vacation. The auditing...

One-time bonus for Accenture employees

The strong growth experienced by Accenture has led to the information technology company announcing a one-time bonus to all its employees below MD level....

Target will pay $500 bonus to 3,75,000 employees

American retail company, Target, has announced bonuses for its over three lakh-strong workforce. The Company will pay its hourly-wage employees, working at its stores...

Salary hikes for staff in auto sector, business improving

In terms of SUV sales, the Hyundai Motor Group ranked number one in 2020, followed by Kia. Little surprise then that the former gave...

53% Indian cos to hire more, 60% to give increments: Report

While the pandemic led to a dip in hiring activities by 18 per cent in 2020, across India, things seem to be looking up...

Vodafone Idea to give a month’s salary extra to staff

Vodafone Idea (Vi), the telecom giant has been sustaining losses for a few of years now, and has also experienced attrition, with many of...

Over $700 mn will go towards bonuses for Walmart staff

Walmart, the American multinational retail company is paying its employees bonuses which collectively amount to over $700 million. This comes as a compensation for...

Amazon to spend $ 500 million as employee holiday bonus

Amazon.com will pay its employees— who pack and deliver goods — a one-time bonus of up to $ 300. This move comes at a...

Pay hikes for employees of Metropolis Healthcare

Employees of diagnostic company, Metropolis Healthcare, have received their annual increments for the year 2020. The Company has also recruited more than 200 new...

Bonuses galore ahead of Diwali across the country

The Pune Municipal Corporation (PMC) has made special provision for an amount of Rs 80 crore, to pay Diwali bonus to its employees. Despite...

30 lakh CG staff to get PLB worth Rs 3,737 crore

About 30.67 lakh non-gazetted employees of the Central government will receive a productivity-linked bonus for 2019-2020, as approved by the Cabinet. The payment of...

Axis Bank to give 4 to 12% salary hike

Amidst the ongoing pandemic, when most companies are laying off staff or imposing pay cuts, Axis Bank has gone ahead and announced salary hikes....

Employees get option to relocate to smaller cities with pay cut

American financial services and SaaS company, Stripe is doling out $20,000 to its employees if they opt to relocate from Seattle, New York, San...

TATA Steel announces Rs 235 cr bonus for employees, despite loss

Tata Steel has honoured its three-year old commitment to its staff and announced a bonus payment. The Company has said in an official statement that...

Amazon to hire another 100,000 across the US and Canada

Tech giant, Amazon, plans to hire around 100,000 operations executives across 100 new fulfilment centres, delivery stations, sortation centres and other sites in the...

Airtel to give out one-time bonus as a token of appreciation

Amidst the pandemic, when companies are either laying off employees or reducing their salaries, telecommunications giant Bharti Airtel has come out to play saviour...

Niyo staff get salary hikes, bonuses, ESOPs amidst pandemic

Niyo, the Indian digital banking fintech has offered its employees 10 to 12 per cent salary increments, along with bonuses and employee stock ownership...

‘Thank You’ bonus of $500 million to Amazon’s front-line workers

The management of Amazon has decided to show its appreciation for its front-line workers by giving them a one-time ‘Thank You’ bonus. This is...

Bonuses and promotions at Motilal Oswal, despite disruption by the pandemic

During these times, when companies across the globe are being forced to either lay off their valuable employees or furlough them in order to...

IDBI Federal Life Insurance offers over 22% bonus besides salary hikes...

Companies across the globe are either laying off their employees or introducing pay cuts to safeguard their businesses and survive the economic after-effects of...

50% salary cut for RIL staff, chairman to forego entire salary

Employees of Reliance Industries (RIL) will be taking pay cuts, just as so many other firms across the country that have adopted cost-cutting measures...

Bonus of $1000 for all Facebook employees

Facebook has shown its commitment to the well-being of its employees by announcing $1000 bonus for each employee, to deal with contingencies during the...

US-based company gifts its employees holiday bonus worth $10 million

St John’s Properties, a real-estate firm run by founder and chairman, Edward St John, recently split $10 million among its 198 employees, as a...

Huawei pays bonuses totalling over a billion dollars to its loyal...

Having successfully survived the US restrictions on the Company, Huawei, has managed to secure 5G contracts and its business is already moving on a...

Festive bumper for EPFO staff

The non-gazetted employees (belonging to Groups B and C) of the Employees’ Provident Fund Organisation (EPFO), will receive a 60 days’ productivity-linked Diwali bonus....

Renault Nissan’s employees’ union not happy with 8.33% festive bonus offer

Renault Nissan Automotive India has offered its employees, at Chennai, a statutory bonus of 8.33 per cent. However, the employees’ union of the automobile...

Productivity-linked bonus announced for 11 lakh Railway employees

For the sixth year in a row, employees of the Indian Railways, will receive productivity-linked bonus (PLB), which will amount to 78 days’ salary. The...

Shareholders question bonus of BT Group CEO

British broadband and mobile provider, BT Group, had to literally reduce the bonus offered to its former chief executive officer, Gavin Patterson, by half....

Employees of FloraCraft to receive $20,000 as bonus

Leo Schoenherr, CEO, FloraCraft, a family-based American craft and floral company announced a gift of $20,000 (approx. Rs 14 lakh) as a Christmas bonus...

Wipro announces bonus to retain junior employees

In an attempt to stop fresh talent — recruited from campuses— from leaving the Company, Wipro has decided to offer a one-time bonus to...

Tata Motors announces 12.2 per cent annual bonus, regularises 301 temporary...

The management of Tata Motors and the Tata Motors Workers Union have agreed upon a bonus settlement, just in time for the festive season....

RBS to pay bonus to employees despite losses

The Bank intends to pay about £340m in bonuses to employees in 2017, even as it prepares to announce one of its biggest annual losses in 2016.

Zydus rewards all employees with 25% bonus

All employees who were on the company’s payroll on July 31, and are still on it, will be part of this reward programme, which will also include FTEs and contract workers.

Building presence: The aim of human existence

Some time ago, I visited a popular hole-in-the-wall Konkani restaurant in Mumbai to gorge on its delicious THALI. On an adjoining table was a...

Ten key skills required in an age of digital transformation

As a growing number of organisations integrate digital technologies into all aspects of their business, digital transformation has come to be regarded as the...

Latest

Fish farming to create jobs for youth in Uttar Pradesh

The Government of Uttar Pradesh, working closely with the Department of Fisheries, is planning to create job opportunities for the youth of the State,...

“HR’s evolution as a strategic rather than just another business function is a mixed...

2020: What to learn – what to erase Clearly, 2020 dispelled big myths around physical presence. While one has to concede that many jobs (like...

Supreme Court being sanitised, at least 44 staff members found Covid+

After at least 44 members of the Supreme Court (SC) staff tested positive for COVID-19, the court premises are being sanitised. All the courtrooms...

“Continuous & impactful communication through different modes will be a game changer,” Tanvi Choksi

2020: What to learn – what to erase For HR as a function, staying connected to every single employee of the firm is extremely essential,...

DIALOGUE

Binding multi-faceted employees with Titan Values

Titan has different sets of employees for different functions and verticals, ranging from the shopfloor to the retail stores. How do you bring in...

The right people policy for startups – Madan Nagaldinne

You happen to have worked mostly with large organisations. How different is it working for a startup now? When you have worked for big...
video

“Archaic HR processes force millennials to switch jobs often,” Niti Khosla, lead people analytics...

Friendly and jolly Niti Khosla, lead-people analytics and business impact, Novartis International, is a true HR leader with the ability to understand people and...