Tag: Increment

Will DA, fitment factor be revised for Central government staff?

Will the dearness allowance of Central government employees be hiked to 42 per cent from the present 38 per cent? Media reports suggest that...

Strikes & protests across the globe by unhappy workers

In Assam, India, the Assam Petroleum Mazdoor Union (APMU) has announced an indefinite strike starting 4 March 2023. The LPG transport workers, who drive LPG...

Strike call by government staff in Karnataka & West Bengal

Government employees in Karnataka are disappointed that the state government has not set aside adequate funds for a pay hike. The employees were hoping...

9% pay hike for Citigroup CEO

Jane Fraser, CEO, Citigroup, will enjoy a pay hike while most other executives across various financial institutions in the US are taking a pay...

Will Vistara give 8% pay hike to pilots?

Come April 2023, and Vistara pilots and cabin crew will enjoy an eight per cent increment in pay. The hike will be added to...

Yearly increments restored for 4,500 IndiGo pilots

After incurring losses for about three quarters, IndiGo has finally made a profit. As a result, the airline has restored the yearly increments for...

Will DA increase to 42% for Central government staff?

The employees of the Central government may receive increased dearness allowance soon. It is reported that the Centre is deliberating hiking the DA by...

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...

Chinese company apologises to staff for meagre increment

Meixin, a Chinese door-manufacturing company, is grabbing headlines for apologising to its staff for the low pay hike given to them. The Company granted...

1,100 employees of New York Times stop work

About 1,100 employees of New York Times have gone on strike and stopped work, demanding pay hikes to tackle inflation. Employees, including journalists disappointed at...

ExxonMobil hikes pay for CEO, CFO, senior VPs

Exxon Mobil Corp XOM.N has decided to raise the base salaries — that make up 10 per cent of overall compensation — of its...

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...

Lure of DJ to encourage employees to return to office: Meta

Meta has reportedly hired a DJ to play music in its Menlo Park campus cafe, according to an employee. This move could be seen...

Latest

Maximum women hired in Pune, Hyderabad, Chennai: Report

Looks like women job seekers in India should head for Pune, Hyderabad and Chennai, where they are more likely to be hired. As per...

Lure of DJ to encourage employees to return to office: Meta

Meta has reportedly hired a DJ to play music in its Menlo Park campus cafe, according to an employee. This move could be seen...

Google layoffs may result in ?2.60 crore severance pay for some employees

As per a report by the Sunday Times, some of the former Google employees at its Ireland location may receive severance packages worth €300,000,...

Financial institutions have highest variable pay-out of 25.5%: Report

While executives or CXOs generally receive the highest percentage of variable pay, their projected pay hikes in 2023 are lower than last year. In...

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...
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