Tag: Pay Cut
Pawan Munjal to take 20% pay cut
Pawan Munjal, chairman, Hero MotoCorp was paid a total remuneration of Rs 99.55 crore in the fiscal year 2023. This was 18.02 per cent...
Salary of Infosys CEO reduced by 21%?
The CEO of Infosys, Salil Parekh, earned a reduced salary in financial year 2022-23. He earned only Rs 56.55 compared to the Rs 71...
Wipro chairman has opted to reduce his pay by 50%
Rishad Premji, chairman, Wipro, one of the leading IT companies, has made a significant decision to voluntarily slash his remuneration by nearly 50 percent...
‘Did Zuckerberg take pay cut?’ ask irked Meta staff
The mass layoffs at Meta have disturbed the workforce with members expressing their disappointment at these drastic cost-cutting measures. Some employees are even questioning...
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...
Major pay cut for senior executives: Google
Google CEO Sundar Pichai has hinted at a major pay cut for senior executives following the recent termination of 12,000 employees. During a town...
Air India staff salaries to return to pre-Covid levels
There is good news for employees of Air India at last. Starting September, they will start getting the same salaries as they used to...
IndiGo pilots’ salaries will be restored to pre-COVID levels in 3...
The pilots at IndiGo can now look forward to their salaries — which were cut by up to 40 per cent for some, to...
Chhattisgarh MLAs’ pay hike invites protests by state govt staff
The government employees of Chattisgarh have been on a strike since 25 July 2022. They have been protesting against the salary hike that has...
Headmaster faces pay cut for not dressing like a teacher
The district magistrate of Lakhisarai, Bihar, ordered the salary of the headmaster of a high school in the district to be cut for turning...
‘Pay cut, loss of leave for latecomers’: Kerala government
The Government of Kerala is all set to link SPARK, short for Service and Payroll Administrative Repository for Kerala, to the biometric punching attendance...
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...
Vistara withdraws pay cut for some, continues for senior execs
Vistara, the Tata Sons and Singapore Airlines joint venture airline, has rolled back the pay cut imposed in 2020 for certain levels of employees....
Compensation restructuring, reduced salaries for remote workers
The pandemic has forced most companies to adopt remote working or the work-from-home (WFH) model for their employees. Many organisations have even adopted it...
Uttarakhand MLAs to face 30% pay cut
The Uttarakhand Assembly has passed the Bill to cut the salaries as well as the constituency and secretarial allowances of all the MLAs by...
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...
Singapore Airlines pilots prefer 60% pay cut to job loss
Pilots of Singapore Airlines are willing to take further pay cuts to remain employed. On September 18, an agreement was reached between Singapore Airlines...
NE-based Star Cement promises to bear COVID-related expenses of staff
Star Cement, major player in the cement manufacturing business in the North East, has adopted simple yet efficient measures, to ensure that its employees...
50% salary cut for Trujet staff
Hyderabad-based airline, Trujet, has decided to cut 50 per cent of its employees’ salaries. The decision has been conveyed to the employees via an...
Some TSRTC staff receive less than Rs 1000 after pay cut
The staff of the Telangana State Road Transport Corporation (TSRTC) are hugely disappointed by the heavy pay cuts imposed on them. Apparently, many have...
Up to 20% pay cut for Vistara staff till December
Vistara, the Indian full-service airline will impose a pay cut of five to 20 per cent from July 1 to December 31, 2020, for...
Maha govt staff to lose pay if they are absent from...
Following opening of all government offices in Maharashtra, with 10 or 10 per cent staff, whichever is more, all government staff have been told...
GVK Group slashes up to 30% salaries w.e.f May
GVK Group has slashed up to 30 per cent salaries of over 1800 employees across verticals. The Indian conglomerate dealing in energy, resources, airports,...
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...
First ever salary cut for Tata Group top management
N Chandrasekaran, chairman, Tata Sons, as well as the CEOs of the Tata Group’s companies will be taking a 20 per cent pay cut...
Hexaware fires 800, faces legal notice
Mumba-headquartered information technology (IT) firm, Hexaware Technologies, has laid off about 200 and 600 members of its staff at its Pune and Mumbai offices,...
What’s inside this cloud company’s in-house happiness portal
ESDS Software Solutions, a cloud services and data centre solutions company, has innovatively embraced the notion of employee satisfaction through a unique survey platform,...
How WOW uses eNPS surveys to foster a collaborative environment
The dynamics of trust and collaboration vary across organisations as everyone will have nuanced differences in their definitions of these terms. The same holds...
PARTNER POSTS
Future of talent acquisition in the age of generative AI
If you've been feeling a bit overwhelmed by the buzz surrounding generative AI, you're not alone. Let us face it, our industry is evolving,...
Innovation in insurance recruitment: Tata AIA’s journey towards high volume, top talent acquisition
Tata AIA Life is a joint venture between Tata Sons Pvt. Ltd and AIA Group. The venture merges Tata's leadership in India with AIA's...
Costco unveils 10 new locations; announces cash prize for unique employee...
Costco recently opened 10 new locations, seven of them in just ten days! Each location had a lucky employee winning a cash prize for...
Latest
Why HR has gained a reputation as the principal’s office
A call from the HR on a fine Saturday morning is enough to instantly make one’s heart beat faster. What could it be? The...
Why is Theory X not yet dead?
Theory X is not dead. It lives on in low-wage industries where workers must follow rules to the letter and in high-wage ones where...
Future of talent acquisition in the age of generative AI
If you've been feeling a bit overwhelmed by the buzz surrounding generative AI, you're not alone. Let us face it, our industry is evolving,...
Thales inaugurates office in Bengaluru
Extending its presence in India, Thales, a French technology company, has inaugurated a new office in Bengaluru. This office will act as an extension...
DIALOGUE
Data analytics and not technology will redefine HR
Q. How satisfying has been your professional journey of 39 years?
A. It has been a bagful of mixed experiences. At times I have been...
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....
