Tag: Increment

WB govt staff protest, demand DA hike

Employees of the West Bengal government have been seeking revision of dearness allowance as per the 7th Pay Commission. They held protests outside the...

Will India see biggest real-terms salary increase in 2023?

India will see the biggest real-terms salary increase of 4.6 per cent, says a report by ECA, the global mobility solutions company. A Salary...

SpiceJet to hike pilots’ salaries

SpiceJet will pay its captains Rs 7 lakh for 80 hours of flying per month. This is the hike that the Airline has announced...

SpiceJet deposits TDS of employees

SpiceJet has reportedly deposited the tax deducted at source (TDS) of all its employees for the financial year 2021-22. The employees have been told...

Central govt. hikes DA by 4%

The Ministry of Finance has announced the most awaited hike in the dearness allowance (DA) and dearness relief (DR) for Central government employees. On...

Salary of OYO founder goes up 250%

While OYO, the hospitality services platform had cut down on bonuses and even salaries, its financial reports show that the CEO’s salary had risen...

Odisha govt raises DA of staff by 3%

Odisha Chief Minister Naveen Patnaik has given his approval to the proposed three per cent hike in the dearness allowance (DA) for the state-government...

Minimum wage in Sikkim hiked to Rs 500

The new rates would be effective from July 11, 2022, and the labourers will be given arrears The Government of Sikkim has hiked minimum wage...

Salary hike for teachers of Punjab University after 5 years

At last, the teachers of Punjab University can look forward to a salary hike after five years. The State government has decided to implement...

TCS’ anniversary appraisal system altered

At TCS, it was routine for new joinees’ compensation to be reviewed on their completing a year in the job, that is, a year...

Assam government to hike wages of tea garden workers

Finally, there will be an increment in the daily wages of the tea garden workers in the Brahmaputra and Barak Valley. With effect from...

8-day strike at Britain’s biggest port

With over 1,900 workers at Felixstowe, Britain’s largest container port, going on an eight-day strike, massive disruptions are expected in the country’s supply chain. Hutchison...

DA hiked from 31% to 34% for Madhya Pradesh govt staff

There is good news for over 7.5 lakh employees of the Madhya Pradesh government. There is to be a hike in their dearness allowance...

Now Odisha MLAs want pay hike

The MLAs of Odisha are demanding that the Government increase their salaries, which were last revised in 2017, that is, about five years ago. Given...

4% DA hike likely for government employees

Government employees can expect a four per cent increment in dearness allowance (DA) this time. The hike will reportedly come into effect from 1...

IndiGo hikes salaries by 8% for the second time in 2022

IndiGo pilots and crew members have received yet another eight per cent hike in their salaries. This is the second hike in four months....

Delhi government MLAs may get double salary

The MLAs of the Delhi government may look forward to a significant hike in their salary, if the Bill for 66 per cent hike...

50,000 railway employees will join Britain’s biggest rail strike

The railway network in Britain is set to face a lot of disruption given the strike call by the railway employees. This is the...

TCS explains 3E work model to employees, increment on the cards

Tata Consultancy Services (TCS) is reportedly readying to follow a hybrid work model, wherein employees will have to come in to the office for...

Central govt staff will get increased salary from July

Starting 1 July 2022, the Centre will hike the present DA from 34 per cent to 38 per cent. This hike of four per...

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...

IndiGo CEO admits salary raise remains a delicate & difficult issue

While IndiGo’s pilots have been expressing their discontentment at the low-cost carrier’s failure to restore their salaries, Ronojoy Dutta, CEO, IndiGo admits that the...

Strikes across India by disgruntled workers from different sectors

Amidst the raging pandemic, there seems to be no dearth of disgruntled workers calling strikes to get their demands fulfilled across India, from various...

Corporates handed out 8% hike in 2021, more to come in...

The second phase of the Deloitte’s Workforce and Increment Trends survey 2021 reveals that corporates in India are expecting to hike the salary of...

Reliance to offer up to 12% increment

The employees of Reliance Industries, who did not get any increments last year, can look forward to a pay hike of 10 to 12...

Second increment for Wipro employees

Wipro will be giving merit salary increments (MSI) to all eligible staff up to assistant manager level and below, that is, Band 3 and...

Punjab government promises 15% hike to over 2 lakh employees

The Government of Punjab will give a 15 per cent increment to its employees, with effect from July 2021. This means, allowances will actually...

Wipro to roll out bonuses, hikes, hire more

After posting excellent Q4 results, the best in ten years, employees at Wipro can look forward to receiving skill-based bonuses for domains, such as...

Infosys staff to get next increment in July 2021

Infosys will hire more than 25,000 freshers for FY22, of which about 24,000 will be from India. The focus, of course, will be the...

Second salary hike for TCS employees

Less than six months after announcing increments in October 2020, Tata Consultancy Services has yet again announced hikes for its employees. The increments will...

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...

9,00,000+ Telangana govt employees to get salary hike

All government employees of Telangana will receive increments and will also have their age of superannuation raised, as per an announcement made by the...

15% increment for bank staff

Employees of 35 banks, including public-sector banks, certain foreign banks as well as a few very old private banks, will receive a 15 per...

TCS announces salary hike, share buyback

Tata Consultancy Services (TCS) is offering an increment to its employees with effect from October 1, in appreciation of their “resilience” during the pandemic....

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....

Increments, salary hikes only for specialised profiles: Report

According to the ‘Jobs & Salaries Primer Report 2020’, published by TeamLease, the pandemic has not only altered the hiring scenario but also disrupted...

15% hike for bank staff, performance-linked incentive for PSB staff

With the conclusion of the two-year long negotiations between bank unions and the Indian Banks’ Association, an annual increment of 15 per cent in...

5% to 12% hike plus performance bonus for ReNew Power staff

While most companies are considering pay cuts and layoffs to stay afloat amidst the lockdown, ReNew Power has announced up to 12 per cent...

Junior doctors, interns get pay hike in West Bengal

With an aim to motivate the junior doctors, interns and house staff at West Bengal’s state-run hospitals, the state government announced an increment in...

Employees of public banks question the need to report for work...

Employees of public banks seem unhappy with the current arrangement, where they are required to go to office even during the lockdown period. Not...

Indefinite strike by HAL staff seeking fair increments

Employees of Hindustan Aeronautics Limited (HAL) are preparing to go on an indefinite strike starting 14 October, 2019. They are seeking fair salary revision....

Gravity Payments’ employees receive unbelievably high raise

Employees at Gravity Payments, the credit card processing company in Idaho, experienced an unexpected windfall recently. Their CEO decided to give each one of...

GrantTree employees fix salaries and increments on their own

GrantTree, a London-based organisation that helps businesses acquire government funding, follows a unique system of allowing its employees fix their own salaries. In other...

IT professionals in India’s Silicon Valley not hopeful of hikes in...

According to a survey by Shine.com, employees from the information technology (IT) sector in Bengaluru have very low expectations in terms of salary hikes...

IT sector top talent to get up to 20% salary increment...

It will be a good year in terms of increments for professionals in the information technology (IT) sector. The average salary increment across the...

Arunachal Pradesh Government announces hike in DA and DR

Arunachal Pradesh is the latest state to announce 7th Pay Commission benefits. Lakhs of government employees in the State will enjoy an increase in...

Aon predicts an average pay increase of 9.4%

The average salary increment for top performers will be 15.4 per cent.

e-Emphasys doles out 20% increment to base level, average 12%

The IT product firm’s increments are at par, and in some cases, even above the industry standards.

Double digit increment expected for pharma, retail, ITES, A&M, consumer goods...

The average salary increase across sectors is expected to be 9.7 per cent in this fiscal, 6 points less than the actual figure of last fiscal.

Increments to stay stable at 10.3%

Startups and companies in their early stages will continue to provide maximum increments in order to retain and attract talent. 

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,”...

50,000 employees subscribe to Capgemini’s ESOP

At least 50,000 employees from the 29 participating countries subscribed to Capgemini’s ninth annual employee stock ownership plan or ESOP. With an employee subscription...

Latest

Amazon India summoned by Labour Ministry over unethical layoffs

The Union Labour Ministry has reportedly sent a notice to Amazon India seeking an explanation with regard to the retrenchment of employees without serving...

With no space for precautionary quarantine, Foxconn freezes hiring

Foxconn, the supplier of Apple iPhones, has reportedly imposed a hiring pause. Why? Because it is facing shortage of space to quarantine workers at...

Amazon Black Friday strike: Workers protest across 40 countries, demand better pay

Demanding fair pay and improved working conditions, Amazon workers are set to hold protests across 40 countries. With Black Friday known to be one...

HP to cut at least 4,000 jobs in 3 years

In an attempt to cut annual costs by about $1.4 billion, Hewlett-Packard, the computer-manufacturing company, is planning to let go about 4,000 to 6,000...

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...