Tag: Salary Hike

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...

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...

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...

Three ways of calculating gender pay gap

Every day, we see women leaving for their offices, travelling by public transport and returning to their houses after a strenuous shift in the...

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....

Tripura govt hikes employees’ salaries by 3%

Unlike many states, such as Andhra Pradesh, Kerala, Telangana and Odisha, that have imposed salary cuts on their government employees to help tide over...

ICICI rolls out 8% salary hike for its 80,000 frontline employees

Close on the heels of several social-media tweets claiming that ICICI Bank had forcefully terminated some of its employees, the private-sector bank has gone...

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 Muthoot Finance call off strike, resume duty

The staff of Muthoot Finance, a Kerala-based finance firm, called off a 52-day long agitation after discussions with the management in the presence of...

45% salary hike for MD and chairman of ITC

ITC is all set to hike the salary of Sanjiv Puri, chairman and managing director, by at least 45 per cent, with effect from...

Average salary increase in Indian IT services companies expected to fall

In the last few years, the average salary hike in IT services companies, that majorly depend on outsourced work, has been four to six...

Wipro IT employees receive salary hike but factory workers still waiting

After Rishad Premji taking over the reins of Wipro from his father, Azim Premji, the Company has announced a high single-digit average salary hike...

Salary hikes for IndiGo staff after 3 years

IndiGo hiked the salaries of its pilots and cabin crew after almost three years, amidst growing dissatisfaction among its staff over working conditions and...

Cognizant’s CFO earned $5.5 million last year, amidst cost cutting

A cost-cutting drive at US-based IT company, Cognizant, did not stop its senior executives from getting double-digit hikes in salary last year. Former CEO of...

Aon predicts an average pay increase of 9.4%

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

More benefits, rewards & recognition for employees in 2018

With only a 10 per cent increase in salaries in sight for the next year, the way to keep employees contented will be through rewards and recognition.

Salary hike for telecom employees expected next year

Consolidation/merger of businesses by telecom service providers will lead to talent instability across industries.

Salary hikes and promotions deferred at Cognizant

The scenario is another indicator that the IT industry going through a tough phase.

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.

Employees across generations seek higher take-home pay

While take-home salary has emerged as the common preferred salary component, there are distinct differences in other perks desired.

Cabinet approves 7th Pay commission recommendation of 23.5 per cent hike

This implies an increase 16 percent in basic, 63 percent increase in allowances, and a 24 per cent increase in pension. 

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. 

Mercer predicts an average salary increase of 10.5 per cent in...

The biggest challenge for organisations is to retain employees as attrition increases from 10.3 per cent to 12.6 per cent between 2014 and 2015.

Salary hike: India ranks 4th in the world at 10.3%

Even if India’s inflation rate of 6.4 per cent is factored in, the real wage increase will be 4.7 per cent, implying double the growth rate of 2015.  

Towers Watson predicts a 10.8 % hike in 2016

Employers and employees have a different set of beliefs and expectations in the current situation, and this isn’t a healthy trend.

After effects of 7th Pay Commission

I have decided to resign from the post of Executive. I have realised, with the new pay commission, private sector jobs are not so...

Performance-linked pay for Central Government employees

In addition to a whopping salary hike, the 7th Pay Commission has also recommended several new aspects for the structure.

Hay Group predicts an average of 11.3 per cent hike in...

The consultancy reports that the average salary hike will go up in 2015, with FMCG and chemicals leading the way…

Real play, the ‘Vaccine of the Century’?

Merriam-Webster’s 2020 word of the year was ‘pandemic’. Indeed, COVID-19 has shaped lives and altered workspaces for more than a year now, forcing us...

Ten key skills required in an age of digital transformation

As a growing number of organisations integrate digital technologies into all aspects of their business, digital transformation has come to be regarded as the...

Latest

New guidelines from CDC leads to Walmart, Costco relaxing mask rules

The Centres for Disease Control and Prevention, the national public health agency of the US, has issued fresh guidelines with regard to COVID protocols....

Govt offers relief on ESIC contribution, may do so for EPFO too

As many manufacturing units have been forced to shut down their operations, the Indian government has decided to extend a helping hand to India...

Don’t cheat your employees, it will backfire

We are quite used to a democracy, where politicians make innumerable promises. However, what is said is not really what is meant. More often...

Workers at Volvo Trucks vote against contract proposal

Unionised workers at the Volvo Trucks North America plant in Pulaski County rejected the tentative five-year contract, about 15 days after they ended a...

DIALOGUE

Binding multi-faceted employees with Titan Values

Titan has different sets of employees for different functions and verticals, ranging from the shopfloor to the retail stores. How do you bring in...

The right people policy for startups – Madan Nagaldinne

You happen to have worked mostly with large organisations. How different is it working for a startup now? When you have worked for big...
video

“Archaic HR processes force millennials to switch jobs often,” Niti Khosla, lead people analytics...

Friendly and jolly Niti Khosla, lead-people analytics and business impact, Novartis International, is a true HR leader with the ability to understand people and...