Tag: Bonus
78-day bonus for 11 lakh railway employees
For the twelfth year in succession, eligible employees of the Indian Railways will receive their productivity-linked bonus (PLB), which is equal to 78 days’...
TCS defers variable pay for some staff members
Close on the heels of Wipro holding back variable pay for its C-suite members and paying only 30 per cent of variable pay to...
Shell earns bumper profits, gives 8% bonus to staff
There is much reason for the 82,000-strong workforce of Shell to rejoice. The energy company has witnessed record profits, and has decided to give...
Attrition rate at HCL Tech increases to 23.8%, net profit up...
As on 30 June 2022, HCL Technologies reported an attrition rate of 23.8 per cent. This is kind of alarming since the attrition rate...
Rolls-Royce workers reject £2,000 cash bonus
Thousands of Rolls-Royce employees have rejected the auto giant’s offer of £2000 cash benefit, citing that the money is far too less to enable...
Jet Airways’ employees unhappy with resolution plan, call it ill planned
The employees of Jet Airways feel the Airline is forcing them to waive off the pending payments that they are owed, especially gratuity, bonus...
Infosys staff can expect at least 12% hike in salary
It is time for employees at Infosys to cheer. The IT major has decided to grant an average salary hike of 12 to 13...
“Achieve BMI less than 25, get bonus”: Zerodha CEO to employees
Nithin Kamath, co-founder and CEO, Zerodha, has come up with a unique way to encourage his staff to stay fit and healthy. He has...
HSBC’s overall bonus pool sees 31% increase
As per the financial statements released by HSBC, the overall bonus pool stands at $3.5 billion, which is a 31 per cent increase compared...
HCL waives off refund of advance variable payout after outgoing staff...
Early this month, 1400-odd outgoing employees of Indian tech multinational, HCL Technologies, approached Nascent Information Technology Employees Senate (NITES) with a grievance.
These employees were...
Apple postpones ‘return-to-office’, offers $1,000 bonus for WFH expenses
Close on the heels of making masking mandatory again at all Apple retail stores in the US and temporarily closing locations due to the...
Google grants $1,600 bonus to employees
Google will provide a one-time cash bonus of $1,600 or equivalent value, to the extended workforce and interns. The bonus is expected to be...
IT company to provide new hires cryptocurrency as onboarding bonus
In a bid to attract top tech talent, Tangentia, Toronto-headquartered global digital transformation company, has announced that they it would be doling out new...
Google’s contract workers fight against bonus cut
About 250 contractual workers working for Google’s data centre raised their voices against a bonus cut. These temps were promised a weekly bonus of...
BEST & BMC staff receive surprisingly high bonus
This year, the 9 lakh-strong workforce of Brihanmumbai Municipal Corporation (BMC) and 34,000-strong workforce of Brihan Mumbai Electricity Supply and Transport (BEST) received the...
Rs 28,000 bonus for staff of Manganese Ore India
With Diwali around the corner, the Central government has announced a special bonus of Rs 28,000 for the staff of Manganese Ore India Limited...
Classplus offers ‘ReSOPs’ as referral bonus to staff
Classplus, the three-year old mobile platform that helps coaching institutes, teachers and content creators launch their online teaching apps, has announced its first ever...
£50 bonus to Amazon staff for punctuality
With the festive season round the corner, employees of Amazon in Britain are being offered a bonus of £50 a week, provided they show...
Piedmont Airlines offers captains $30,000 as retention bonus
Piedmont Airlines is offering its present and new pilots more than $180,000 in retention bonuses. The Elevate Pilot Careers programme is being offered by...
Amazon offers $3000 bonus to attract talent at new facility in...
In the war to attract talent, Amazon is offering a $3000 bonus to workers at its new facility in Wilmington, Delaware. As per a...
Southwest Airlines to fill 4,500 posts, offers attractive referral bonus
Southwest Airlines is keen to hire quality talent for about 4,500 posts, but is struggling to find suitable candidates. It is offering referral bonuses...
16% bonus for Tata Steel Jamshedpur staff
There is good news for the 2,2871 employees of Tata Steel Jamshedpur. They will receive an increased bonus of 16 per cent this year,...
Junior bankers at Morgan Stanley will earn at least $100,000 now
Morgan Stanley, the American investment bank, has hiked the minimum salary of its junior bankers by $15,000. While the first-year analysts will earn $100,000...
$1,500 bonus for 1.75 lakh+ Microsoft employees
A pandemic bonus of $1,500 has been announced by Microsoft for all its employees, as a gesture of appreciation for their hard work amidst...
Foxconn luring workers with signing bonuses ahead of iPhone 13 launch
Foxconn is offering attractive signing bonuses to its new hires. In fact, it is offering about $1,235 as signing bonus to former employees who...
Special bonus, 75% hike in variable pay, for PwC India staff
After having paid a two-week one-time special bonus to its 15,000-strong workforce in the country in March 2021, PricewaterhouseCoopers India is now giving vouchers...
Google offers bonus, prizes for finding bugs
Now that Android 12 is available on certain phones in a beta version, Google has struck upon a way to clear it of all...
US$40,000 bonus for UBS analysts
Global banking analysts employed with the UBS Group will receive a one-time bonus of US$40,000 on being promoted. This is twice the amount being...
1 month salary as bonus for Bihar frontline healthcare workers
The Government of Bihar has announced a month’s salary as bonus for all its frontline healthcare workers this year. This is in appreciation of...
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...
Why a coaching culture and not any other culture?
“Would you tell me, please, which way I ought to go from here?”
“That depends a good deal on where you want to get to,”...
Meta to cut costs, freeze hiring, restructure groups
Is Meta experiencing a crisis? That is the question uppermost in the minds of most people as the parent company of Facebook has announced...
Latest
Best practices in automation & digitisation from an HR perspective
Arguably the biggest workplace disruptor in recent decades, the COVID-19 pandemic and ensuing lockdowns impelled organisations to embrace several next-generation automation technologies. According to...
EPAM asks 100 employees in India to resign
EPAM, an IT services provider which has more than 4000 employees in India has asked 100 employees to resign. Additionally, the Company has also...
Wipro asks staff to work from office at least thrice a week
After Tata Consultancy Services (TCS), which has asked 85 per cent of its employees to work from office at least three days in a...
Upgrading skills will be focus of Kerala’s draft industrial policy
With the aim of creating jobs and retaining talent, Kerala has unveiled its draft industrial policy. The focus of the Policy is on upgrading...
DIALOGUE
“The big change has been that we have moved from jobs to skills,” Amaresh...
Q. How would you define the culture at GE?
A. Having been present in this region since 1902, GE has been around for 120 years....
“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton
Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...
“A CEO needs to acknowledge the silent majority who create the company’s fortunes” S...
Q. RPG is a diversified group with businesses spread across sectors and domains. however, its brands have a strong individual identity unlike other business...
