Tag: Compensation

Rs 6 crore joining bonus for Cognizant’s new CEO

Ravi Kumar S, the new CEO of Cognizant, will be paid Rs 6 crore as sign-on bonus, which will be a part of his...

Employees in Kerala allege Byju’s made them resign forcefully

On 25 October, 2022, a group of employees from the Thiruvananthapuram branch of Byju’s in Kerala met V Sivankutty, labour minister of Kerala with...

Salary revisions, increase in hiring targets at Infosys

Despite the impact on costs and margins, Infosys is planning to give increments to its employees in the hope of bringing down attrition rate. In...

TCS grants increments of 5 to 8% to staff, speeds up...

On 8 July 2022, Indian multinational company, Tata Consultancy Services revealed that its employees have been given increments between five to eight per cent,...

Ford India workers unhappy with severance package, demand higher compensation

About 2000 protesting workers, of Ford's Chennai plant, who were eagerly awaiting the announcement regarding their severance package, were disappointed with what was offered...

Chipotle uses online chat platform for job fair, attracts 23K+ applications

Chipotle reportedly received over 23,000 job applications via Discord, the online chat platform, in response to its announcement of hike in hourly wages. Chipotle...

Borosil announces huge compensation for families of staff who died of...

Borosil and Borosil Renewables have gone out of their way to announce an extraordinary compensation for the families of those employees who lose their...

Centre approves 16% hike for LIC staff

More than one lakh employees of Life Insurance Corporation of India (LIC) will receive 16 per cent hike in wages, as approved by the...

KPMG employees seek compensation for loss of pay

Employees of KPMG want to be compensated for the 20 per cent pay cuts that were imposed on them in April, without any reduction...

EPFO goes for automation, settles 36.02 lakh claims during lockdown

The Employees' Provident Fund Organisation (EPFO), has been striving to ensure timely and effective delivery of service to its subscribers. Even during the lockdown,...

$5.7 million overtime compensation for ex-Cognizant staff

American multinational information technology giant, Cognizant, will be paying $5.7 million to compensate its former employees who had alleged that they had been underpaid...

Pay, increments, compensation revisions deferred for Amara Raja Group staff

Amara Raja Group has announced that the salaries of the junior- and senior-management levels of its workforce will be deferred due to the economic...

How companies can lure critical talent during economic slump

During any economic downturn, it is natural for hiring processes to slow down as well. However, that doesn’t mean that hiring freezes totally. Hiring...

MCX to pay more to staff working from office amid pandemic

Multi Commodity Exchange of India (MCX) has decided to offer three times more salary to about 50 of its employees who are working from...

Salary history ban: Do we need it?

The ban on asking candidates their salary history has been a hot topic for quite some time now. Already 18 states in the US...

Centre has no plans to fulfill ASHA workers’ demands

Accredited Social Health Activist (ASHA) workers have been protesting against the Government since last year, demanding better compensation and benefits. Not only are they...

Internal committee at Air India to sort out employees’ issues

Employees have been assured that their dues will be paid in full.   While the Civil Aviation Minister Hardeep Singh Puri has assured the employees of...

December salaries not paid to Telangana Waqf Board employees

The employees of the Telangana Waqf Board, which takes care of the Waqf properties, have not been paid their December salaries. Waqf is a...

Pay transparency: Are we mature enough?

Another one of the many things doing popular rounds in the industry is the idea of full pay transparency. It means that everyone inside...

Government clears confusion on salary increment process under 7th Pay Commission

Government has given a clarification on the major confusion in the salary increment process of the central government employees. Minister of State for Finance, Anurag...

How HR deals with common employee grievances

Contrary to popular stereotypes, the human resources department in an organisation is burdened with responsibilities and work. Since the entire function revolves around people,...

CEO of Microsoft gets 66% salary increment

CEO of Microsoft, Satya Nadella, has got a 66 per cent hike in total compensation, that is, a total salary of $42.9 million in...

Over 60 Infosys executives draw salary over Rs 1 crore

The number of Infosys executives who earn a salary of over Rs 1 crore has more than doubled in the past one year. In...

Tesla settles with former contract worker for $13million

Teodara Tapia, a former contractor at Tesla, had become permanently disabled on being hit by a Model S sedan, while on duty. Tesla has...

Ex-employee demands $900,000 as compensation

Kraken, the US-based cryptocurrency exchange, is facing a lawsuit wherein a former trading desk manager has accused the Company of not paying the 10...

Everyone loves the recruiter’s call

91 per cent of Indian professionals are interested in learning about job openings, and 46 per cent ‘feel flattered’ when they hear from recruiters.

Increase in retirement age to 64 is unalterable: French Labour Minister 

On February 1, 2023, the French Labour Minister, Oliver Dussopt, declared that the increase in retirement age to 64 is unalterable. This statement came...

Latest

Hein Schumacher to take over as CEO, Unilever in July, 2023

Unilever has found its new CEO after a widespread global hunt. Hein Schumacher will be appointed Unilever CEO designate on 1 June 2023 and...

Does Amazon time its employees’ toilet breaks?

Amazon is grabbing headlines for the wrong reasons yet again. During a protest by its warehouse employees in Britain, some employees have made certain...

Google fires head of mental health and wellbeing

The tech sector has experienced layoffs in the last quarter of 2022 and this trend has continued into 2023 with the announcements of significant...

CFO highest paid CXO amongst BSE 100 companies

The chief technical officer (CTO) is the second highest paid CXO amongst BSE 100 companies. So, who earns more than a CTO? It is...

DIALOGUE

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“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...